Bank of Gansu Debuts in US$761 Million HKIPO
Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm advised CMB International Capital Limited, CCB International Capital Limited, Huatai Financial Holdings (Hong Kong) Limited, Guotai Junan Capital Limited and BOCI Asia Limited as the joint sponsors in Bank of Gansu’s US$761 million global offering and listing of its H shares on the Main Board of the Hong Kong Stock Exchange. Bank of Gansu was founded in November 2011 and is the only provincial city commercial bank in Gansu province, China.
Four cornerstone investors - Hong Kong Dasheng Investment Holdings Company Limited, Huaxun International Group Limited, China Create Capital Limited and Huarong Rongde (Hong Kong) Investment Management Company Limited – invested a total of US$400 million in the offering.
A market leader in advising on key Chinese city commercial banks’ H-share listings in Hong Kong, Paul Hastings has advised on the Hong Kong IPOs of three Chinese city commercial banks since 2016.
The Paul Hastings team was led by
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