The Hong Kong office and Beijing office of the Firm represented Chinalco Mining Corporation International (“CMC”), a resource development subsidiary of Aluminum Corporation of China’s (“Chinalco”), as its US counsel, in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of 1,764,913,000 ordinary shares, raising approximately HK$3.1 billion (approximately US$400 million) in gross proceeds (before the exercise of the over-allotment option). CMC’s ordinary shares are listed on the Hong Kong Stock Exchange. CMC is intended to act as Chinalco’s core platform for the future acquisition, investment, development and operation of non-ferrous and non-aluminum mineral resources and projects overseas.
The joint bookrunners and the joint lead managers of the offering were Morgan Stanley, BNP Paribas, CICC, Standard Chartered, HSBC and CCB International.
The Simpson Thacher team for the transaction included Leiming Chen, Howie Farn and Shuyuan Sun (Corporate); and Robert Holo, John Creed, Jonathan Cantor and Andrew Purcell (Tax).
Related Posts:
- None Found