Global law firm Ashurst acted as the underwriters' Hong Kong and U.S. legal advisers and the drafting counsel of Butong Group's (6090.HK) HK$781.84 million global offering and the listing of its shares on the Main Board of The Stock Exchange of Hong Kong Limited ("HKSE").
Ashurst assisted the issuer in listing its shares on the Main Board of HKSE and completing the global offering under Regulation S of the U.S. Securities Act. The joint sponsors are CITIC Securities (Hong Kong) Limited and Haitong International Capital Limited. The overall coordinators and joint global coordinators are CLSA Limited, Haitong International Securities Company Limited and Futu Securities International (Hong Kong) Limited.
Frank Bi, partner and Asia head of corporate transactions, commented:
"We are delighted to have assisted CITIC Securities and Haitong International Capital on another successful Hong Kong listing. This transaction underscores Ashurst's ability to deliver seamless Hong Kong and U.S. securities advice on high-profile IPOs and further demonstrates our expertise in Greater China equity capital markets."
The Ashurst team was led by Frank Bi, supported by Li Jiang, Phiona So, Joey Lam, Nicole Xu, Ferren Cee, Vivian Lee, Peiji Yu and Elena Guo.
This transaction highlights Ashurst's continued strength in advising on landmark Hong Kong IPOs and global equity offerings across a broad range of industries.
