O’Melveny & Myers LLP recently represented DBS Bank and The Royal Bank of Scotland NV, Singapore Branch as joint global coordinators, joint bookrunners, joint issue managers and joint underwriters in the initial public offering of XinRen Aluminum Holdings Limited (MN5.SI) on the main board of the Singapore Stock Exchange (SGX).
The O’Melveny team was led from its Singapore office by partner David Makarechian and counsel Andrew Hutton. The IPO was staffed with several of the firm’s native Chinese associates and legal consultants (from both its Singapore and PRC offices).
“We were delighted to take part in this transaction,” said Makarechian, “and we continue to see a strong pipeline of capital markets work in our Singapore office, including not just listings on the Singapore exchange but also 144A/Reg S equity and debt transactions. It is a very exciting time for us.”
XinRen Aluminum Holdings Limited is a privately owned producer of primary aluminum in the PRC. It is principally engaged in the smelting and sale of primary aluminum in the form of ingots and plates. The company intends to use the proceeds from the IPO to increase the capacity of its plant in China, for acquisitions and strategic investments, and for working capital needs.
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