Luzhou City Commercial Bank Debuts in US$221 Million Hong Kong IPO
December 17, 2018
Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm has advised Luzhou City Commercial Bank on its US$221 million global offering and IPO on the Hong Kong Stock Exchange. Luzhou City Commercial Bank is the only and largest city commercial bank in Luzhou, Sichuan Province. CLSA Capital Markets Limited acted as the sole sponsor and CLSA, CCB International and China Galaxy International acted as the joint global coordinators for the listing.
Paul Hastings is a market leader in advising on key Chinese city commercial banks’ H-share listings in Hong Kong. In addition to Luzhou City Commercial Bank, the firm has advised on the Hong Kong IPOs of four Chinese city commercial banks, namely Jiangxi Bank, Bank of Gansu, Zhongyuan Bank and Bank of Tianjin since 2016.
The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and capital markets partners Zhaoyu Ren and Bonnie Yung, with support from of counsel Vincent Wang, and associates Erika Zhao, Isabelle Wu and Jacob Chun.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.