6 July 2020
Deacons advises the joint sponsors BOCOM International (Asia) Limited and LY Capital Limited and underwriters in relation to the Main Board H-share IPO of JiaXing Gas Group Co., Ltd., seeking to raise up to approximately HK$400 million (subject to the exercise of over-allotment option).
JiaXing Gas Group is the largest piped natural gas (PNG) operator in Jiaxing (嘉興), a major prefecture-level city in Zhejiang Province, the PRC.
The company published its IPO prospectus on 30 June 2020. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 16 July 2020.
Our team is led by Ronny Chow and Maynard Leung, Partners of our Corporate Finance Practice Group.
Ronny and Maynard also advised on the Main Board IPO of Suchuang Gas Corporation Limited, which was the dominant piped natural gas operator in Taicang of Jiangsu Province, PRC in 2015.
