Baker & McKenzie recently acted as United States and Republic of China counsel to Innolux Corporation (“Innolux”), a Taiwan-listed TFT-LCD total solution manufacturer; and its subsidiary Leadtek Global Group Limited, on the sale of 25,399,753 American Depositary Shares (“ADSs”): representing 50,799,506 ordinary shares (which include ADSs sold pursuant to the exercise of the over-allotment option by the underwriters) of Himax Technologies, Inc. (“Himax”), a Nasdaq-listed fabless manufacturer of advanced display drivers and imaging solutions. The total proceeds of the offering was approximately US$133 million. The offer and sale was registered with the U.S. Securities and Exchange Commission.
The multi-jurisdictional Baker & McKenzie team was led by Alex Chiang, Taipei-based corporate & securities partner and Brian Spires, Hong Kong-based US securities partner. The team also included corporate & securities partner James Hsiao and corporate consultant Jennifer Chen in Taipei, as well as registered foreign lawyers Christopher Shen and Lin Zhan, who are members of the Asia-Pacific US securities team based in Hong Kong.
Citigroup Global Markets Inc. acted as global coordinator for the offering and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chardan Capital Markets, LLC and Credit Suisse Securities(USA) LLC acted as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC acted as co-managers of the offering.
