17 June, 2019
King & Wood Mallesons (KWM) advised CSSC (Hong Kong) Shipping Company Limited (CSSC Shipping, Stock Code: 3877) on its HK$2 billion (before the exercise of the over-allotment option) initial public offering (IPO) on the Main Board of the Hong Kong Stock Exchange.
This successful closing continues to demonstrate KWM’s strength in offering seamless one-stop-shop support and advice in both Hong Kong and PRC securities laws with KWM acting as CSSC Shipping’s legal advisers as to both Hong Kong and PRC laws.
CSSC (Hong Kong) Shipping is the first shipyard-affiliated leasing company in Greater China and is one of the world’s leading ship leasing companies. The controlling shareholder of CSSC Shipping is China State Shipbuilding Corporation, a state-owned enterprise directly supervised and administered by the State-owned Assets Supervision and Administration Commission of the State Council of the PRC.
The Hong Kong team was led by partner Sheldon Tse, with support from senior associate Jeff Wong, and associates Jane Bu, Stefy Tong, Angela Chung and Christine Lau. The PRC team was led by partners Zhang Yongliang, Song Yanyan and Zhang Jingping, with support from senior associate Dong Yun and associates Han Qitong and Hu Mengyao of the Beijing office.
