Paul Hastings, a leading global law firm, announced today that it has acted in connection with three more Hong Kong IPO transactions, advising the underwriters on global offerings by Tsui Wah Holdings Limited (“Tsui Wah”), Casablanca Group Limited (“Casablanca”) and Future Land Development Holdings Limited (“Future Land”), and the related listings on the Hong Kong Stock Exchange.
Deutsche Bank was the sole global coordinator for Tsui Wah, a leading Hong Kong-based restaurant chain owner that operates 26 restaurants in Hong Kong, mainland China and Macau. Haitong International Securities Company Limited was the sole global coordinator for Casablanca, one of the leading branded bedding products companies in the PRC and Hong Kong. Bank of America Merrill Lynch was the sole global coordinator for Future Land, a leading Chinese property developer focused on developing quality residential and mixed-use projects.
All three transactions were led by Raymond Li, partner and the firm’s Chair of Greater China.
Partners Sammy Li and David Grimm, and associates Eric Chow and Lillian Cheung advised on the Tsui Wah deal.
Partners Catherine Tsang and Steven Winegar, and associates Catherine Chu and Su-Li Chan advised on the Casablanca offering.
Partners Neil Torpey and Sammy Li, of counsel Bonnie Yung, and associate Cindy Wong advised on the Future Land matter.
Paul Hastings’ market-leading capital markets practice has advised on 7 Hong Kong IPOs this year including Haitong Securities, Chalieco, Huadian Fuxin and Yongda Auto, in addition to the Tsui Wah, Casablanca and Future Land deals, raising over US$2.6 billion in aggregate and accounting for over 35% by value of funds raised in all Hong Kong IPOs in 2012 to date.*
*Data taken from the HKEx website
