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Paul Hastings Advises Rongsheng on US$1.8 Billion Hong Kong IPO

November 19, 2010

Hong Kong (November 19, 2010) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised China Rongsheng Heavy Industries Group Holdings Limited (Rongsheng), a leading large-scale heavy industry enterprise group and the largest private shipbuilder in the PRC, in its approximately US$1.8 billion Hong Kong IPO and global offering. The listing comprised a Hong Kong public offering and a Reg S/Rule 144A international offering. Subject to the Joint Global Coordinators exercising the over-allocation option, the deal size could potentially increase to a value in excess of US$2 billion.

We are delighted to have advised Rongsheng on this successful IPO. The company is a long-standing and important client of the firm and we have been honored to serve them over the course of the last few years and to help them achieve this significant milestone. The successful completion of this transaction is the latest in a growing list of landmark transactions that Paul Hastings has advised on including a number of significant transactions involving the group of companies controlled by Mr. Zhang Zhi Rong, such as Glorious Properties US$1.28 billion Hong Kong IPO in October 2009 and its recent US$300 million senior notes issue, said Raymond Li, chair of the firms Greater China practice in Hong Kong.

This is a significant IPO for the Hong Kong capital markets. It is the third largest Hong Kong IPO this year and the largest this year by a privately-owned PRC enterprise, said Chris Betts, a partner in the capital markets practice at Paul Hastings in Hong Kong.

The Paul Hastings team consisted of partners Raymond Li, Chris Betts, David Grimm and Vivian Lam and associates Anthony Pang, May Lun, Dane Johansen, and Erika Wan.

Additional information:

The Joint Sponsors were: Morgan Stanley Asia Limited, CCB International Capital Limited and J.P. Morgan Securities (Asia Pacific) Limited.

The Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers on the Hong Kong Public Offering were: Morgan Stanley Asia Limited, CCB International Capital Limited, J.P. Morgan Securities (Asia Pacific) Limited, BOCI Asia Limited, and Deutsche Bank AG, Hong Kong Branch.

The Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers on the International Offering were: : Morgan Stanley Asia Limited, CCB International Capital Limited, J.P. Morgan Securities Ltd., BOCI Asia Limited, and Deutsche Bank AG, Hong Kong Branch.




Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.