Orrick, Herrington & Sutcliffe LLP has advised China Hongqiao Group Limited (China Hongqiao) on its HK$6.37 billion (US$822 million) initial public offering on the Main Board of the Hong Kong Stock Exchange, with a Rule 144A/Regulation S placement to global investors. The sole global coordinator and sole sponsor for the global offering is J.P. Morgan Securities (Asia Pacific) Limited. The joint bookrunners and lead managers are J.P.Morgan Securities Ltd., BOCOM International Securities Limited, ICBC International Capital Limited, Mizuho Securities Asia Limited, BNP Paribas Capital (Asia Pacific) Limited and Barclays Capital Asia Limited.

China Hongqiao is one of the largest manufacturers of aluminum in China, the fastest growing aluminum market in the world. Based in Shandong Province, China Hongqiao’s products, consisting of molten aluminum alloy, aluminum ingots and aluminum busbars, are sold within China. Four cornerstone investors have bought a total of US$350 million of shares as part of the global offering.

“This is a very exciting deal for our client and is a testament to their strength that they had such a successful global offering, particularly in the current market conditions,” said Edwin Luk, Orrick’s Asia Corporate Group leader. “We are very pleased to have acted as issuers’ counsel on the two largest deals to come to market in Hong Kong this year, both in the mining and industrial resources sectors. Although conditions continue to be challenging, we expect to see a steady flow of private equity and capital markets transactions in these industries in 2011.”

A team of Hong Kong and New York qualified lawyers from Orrick’s Hong Kong, Shanghai and Beijing offices, led by Edwin Luk, advised China Hongqiao.