Zhejiang Expressway $860 million rights issue
The H shares are listed on the Hong Kong Stock Exchange
Âé¶¹Èë¿Ú advised the underwriters in connection with the H share rights issue of Zhejiang Expressway Co., Ltd. and listing of the H rights shares on the Hong Kong Stock Exchange. The gross proceeds of the rights issue were approximately $860 million (RMB6.15 billion).
Zhejiang Expressway is an infrastructure company principally engaged in investing in, developing and operating expressways and high-grade roads in the PRC. Its shares are listed on the Main Board of HKEX.
The Âé¶¹Èë¿Ú corporate team included partners James C. Lin and Yang Chu, counsel – registered foreign lawyer Kevin Zhang, counsel Jennifer Ng, associates Calvin Lam and Michelle Chow and registered foreign lawyer Jerry Wu. Counsel Alon Gurfinkel provided tax advice. Members of the Âé¶¹Èë¿Ú team are based in Hong Kong and London offices.