King & Wood Mallesons, Clifford Chance and Haiwen & Partners have scored advisory roles on the Bank of Qingdao’s $607 million IPO on the Hong Kong Stock Exchange.
Bank of Qingdao, the largest city commercial lender in China’s northern province of Shandong, sold 900 million new shares, while a group of 18 shareholders of the bank sold 90 million existing shares, according to the IPO prospectus.
King & Wood Mallesons advised the Bank of Qingdao on U.S., PRC and Hong Kong law, with a team comprising of Beijing partners Xiaolei Yang, Zheng Su and Yuanyuan Li, Hong Kong partner Candy Chan and U.S. securities partner Christine Chen. Partners Ronald Arculli, Rupert Li, Gary Lock and Jin Peng also provided assistance from the firm’s Hong Kong and Beijing offices.
A Clifford Chance team led by Beijing partner Tim Wang and Hong Kong partners Amy Lo and Fang Liu represented Goldman Sachs, AMTD Asset Management and CITIC CLSA Capital Markets as the joint global coordinators on the listing. Haiwen & Partners served as PRC counsel to the banks.
