Tag: Maples Group
China Business Law Awards 2023
China Business Law Journal reveals its top performing law firms of 2022
Three firms advise Lufax on HKEX listing by introduction
Three firms advised Ping An Insurance’s fintech arm Lufax on its HKEX debut by introduction, a way for a company already on another exchange to list without issuing new shares or fundraising within six months
Sidley Austin, Kirkland advise on Evergrande’s debt restructuring
Sidley Austin, Kirkland & Ellis and Harneys advised parties on preliminary proposals for the restructuring
Deal highlights
Notable IPOs, De-SPAC, bond issuance, joint venture, license agreement, and loans in March and their legal advisors
Quartet advises ETAO’s USD1bn de-SPAC listing
Healthcare firm ETAO International Group closed its combination with SPAC Mountain Crest Acquisition III with legal services from Sichenzia Ross Ference, Jingtian & Gongcheng, Maples Group and Loeb & Loeb
Hesai becomes the largest Chinese IPO in the US after DiDi
Hesai Technology, a China-based developer of sensors used in autonomous driving, raised USD190 million on its Nasdaq debut, becoming the largest Chinese IPO in the US capital markets since October 2021
Deals of the year 2022
China Business Law Journal announces the most exciting China-related legal transactions and disputes of 2022
Maples Group, Sidley Austin, Kirkland & Ellis help Modern Land in overseas debt restructuring
Kirkland & Ellis and Sidley Austin assisted in the restructuring of Modern Land’s USD1.34 billion in overseas senior notes, paving the way for the cancellation of debt and the issuance of new notes
Law firm trio advise ECARX on Nasdaq listing via SPAC merger
Three law firms advised automotive technology company ECARX on its Nasdaq listing via a merger with US special purpose acquisition company (SPAC)
China’s second largest streaming platform Huafang lists in Hong Kong
Huafang Group, the second largest online entertainment streaming platform in China, raised HKD129 million (USD16.56 million) on its HKEX listing, offering 46 million shares at HKD2.8 each
Three law firms assist Weilong snack brand’s HKD898m Hong Kong IPO
Clifford Chance, Commerce & Finance Law Firm and Maples advised famous Chinese snack brand Weilong on its HKEX listing, raising HKD898 million from the sale of 96.4 million shares at HKD10.56 apiece
China’s YishengBio eyes US capital markets via SPAC route
Yisheng Biopharma has abandoned its Hong Kong IPO and turned instead to the Nasdaq via the SPAC route in a deal that is expected to be sealed by the first quarter of 2023
Tims China merges with Silver Crest to debut on Nasdaq
Tims China started to sell its shares on the Nasdaq after closing a merger with blank cheque company Silver Crest Acquisition Corp and at the same time received nearly USD200 million of additional financing
Three law firms advise Tencent Music’s homecoming listing on HKEX
Davis Polk, Han Kun Law Offices and Maples Group advised NYSE-listed Tencent Music Entertainment Group’s debut on the HKEX in a secondary listing by introduction
Three law firms guide smart drugs platform’s debut on Hong Kong bourse
A trio of law firms guided Chinese online pharmacy platform Dingdang Health in its Hong Kong IPO of HKD12 per share, raising HKD402.4 million (USD51 million)
Carey Olsen lures funds lawyer to Singapore
Carey Olsen has hired funds lawyer Rebecca Lee as an of counsel in its corporate and investment funds team in Singapore
OneConnect debuts on HKEX in dual primary listing
China insurance conglomerate Ping An's fintech subsidiary, OneConnect Financial Technology, has debuted on the main board of the HKEX by way of introduction and dual-primary listing
HKEX gong chimes as GoGoX goes public
China’s third largest online logistics platform has debuted on the Hong Kong bourse – a move that summoned the strike of the gong back to the trading floor
Deacons and Maples in Yoho HK listing
The IPO raised HKD115 million with Deacons advising Yoho Group in relation to the listing with Maples Group providing Cayman Islands counsel
China Business Law Awards 2022
China Business Law Journal reveals the law firms that have excelled in the past year
Diagnostic provider Yunkang goes public in HK
The fifth-largest market player in China’s medical operation services sector has been listed on the HKEX
NIO plugs into Singapore Exchange
Chinese electric carmaker NIO debuted on Singapore Exchange by way of introduction without raising funds to become a triple-listed company in Singapore, the US and Hong Kong
Firms advise in China’s first royalty-backed deal
Private equity R-Bridge Healthcare Fund struck a USD40 million royalty-backed financing for Yisheng Biopharma – making it the first deal of its type in China’s biopharmaceutical industry
Deal highlights
Aquila Acquisition Corporation became the first special purpose acquisition company (SPAC) to list in Hong Kong
NIO plugs into HKEX without fundraising
Electric vehicle manufacturer NIO successfully listed on the main board of the HKEX by way of introduction with shares beginning trading on March 10
Funds lawyer and litigator join Carey Olsen in Singapore
Carey Olsen’s Singapore office has added investment funds specialist Tom Katsaros to its investment funds offering as a consultant, and experienced litigator Helen Wang to its litigation, insolvency and restructuring practice as a counsel
Zhihu homecoming raises HKD834m
Q&A platform Zhihu raised HKD834 million (USD106.3 million) in a homecoming IPO on HKEX
Guide to BVI closed-ended investment funds
In recent years the British Virgin Islands (BVI) has gained increasing popularity in the closed-ended sector of the industry.
Deals of the year 2021
We look back at the most significant transactions and disputes of last year as we ring in the year of the tiger