Jia Yuan Law Offices has advised Chinese lithium battery maker CALB Co on its $1.3 billion IPO and listing on the Hong Kong Exchange, with Clifford Chance and JunHe advising the sponsors.
The Jiangsu Province-based CALB is among the largest electric vehicle (EV) battery suppliers in China. According to Reuters, CALB plans to use the funds to construct EV battery production lines at new production facilities in the provinces of Sichuan, Hubei, Anhui, and Guangdong.
The Clifford Chance team was led by China co-managing partner Tim Wang, and partners Virginia Lee, Fang Liu, and Tianning Xiang.
Clifford Chance and JunHe recently advised the sponsors on Tianqi Lithium Corporation’s $1.7 billion secondary listing in Hong Kong (the CC team being led by Liu and Xiang), with the Magic Circle firm also advising Chinese EV maker Leapmotor on its $800 million Hong Kong IPO (led by Wang, Liu and Xiang).
