U.S. law firm Latham & Watkins and the PRC’s Dahui Lawyers have advised Asian courier service group J&T Global Express on its $501 million initial public offering on the Hong Kong Stock Exchange (HKEX),  the second-largest listing on the bourse this year.

New York-headquartered Skadden, Arps, Slate, Meagher & Flom advised the underwriters led by Morgan Stanley, BofA Securities and China International Capital Corp on Hong Kong and US law. PRC advisory to the underwriters was provided by Han Kun Law Offices and Commerce & Finance Law Offices.

Tencent-backed J&T Global was also guided by a string of firms in Southeast Asia on local compliance issues across the region. Hutabarat Halim & Rekan in Indonesia, Vilaf in Vietnam, Rahmat Lim & Partners in Malaysia, SyCip Salazar Hernandez & Gatmaitan in the Philippines, and Weerawong, Chinnavat & Partners in Thailand advised on the IPO.

The Skadden team advising the underwriters was led by partners Haiping Li (Hong Kong/Shanghai), Paloma Wang (Hong Kong) and Yuting Wu (Shanghai).

The Latham team was led by Hong Kong corporate partners Frank Sun, Benjamin Su, Terris Tang and Cathy Yeung, with tax advice provided by New York partner Bora Bozkurt.  

J&T Global will use the gross proceeds to develop logistics networks and warehouse capacity in Southeast Asia, expand to new markets and fund research and development, among other uses.



Related Articles

SAM, Latham advising Hyundai Motor on mammoth India IPO

Indian law firm Shardul Amarchand Mangaldas and Latham & Watkins are advising Hyundai Motor's India unit on its stock market listing in Mumbai, which could raise up to $3 billion, according to the prospectus filed by the company.

DOCVIT latest PRC firm to launch Hong Kong office

by Charlie Wu 吴卓言 |

Beijing-based DOCVIT Law Firm has expanded its footprint by opening a new office in Hong Kong, the firm's tenth branch overall, amid a growing influx of mainland Chinese legal practices in the city.


by Nimitt Dixit |

The Middle East’s regional IPO markets are flourishing despite a global slowdown and geopolitical instability owing to the region’s long-term structural and regulatory reforms, a maturing diversified market and strong investor confidence.