9 August, 2015
Kirkland & Ellis represented China Railway Signal & Communications Corporation Limited, the world’s largest provider of rail transportation control systems, on its US$1.42 billion initial public offering (IPO) on the Hong Kong Stock Exchange, before the exercise of the over-allotment option. Citigroup, Morgan Stanley and UBS Securities are joint sponsors and the joint bookrunners on the IPO, with Macquarie Capital, BOC International, Goldman Sachs, China Merchants Securities, CMB International and Haitong Securities as the other joint bookrunners. This is the largest Hong Kong listing by a Chinese state-owned enterprise since SINOPEC Engineering Group’s $1.78 billion IPO and listing on the Hong Kong Stock Exchange in 2013, in which Kirkland & Ellis advised the joint global coordinators and joint bookrunners. This is also one of the largest IPOs on the Hong Kong Stock Exchange this year. The listing took place on August 7, 2015.
Attorneys involved in the deal include Hong Kong corporate partners Dominic Tsun, David Zhang, Li-Chien Wong, Stephanie Lau and Shawn Tai, and Beijing corporate partner Steve Lin.
For additional information, please see news story here: http://www.reuters.com/article/2015/08/07/crsc-stocks-debut-idUSL3N10H37A20150807
