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Paul Hastings Advises the Underwriters in Haitong Securities US$1.68 billion IPO

April 27, 2012

Hong Kong (April 27, 2012) Paul Hastings, a leading global law firm, announced today that it advised Haitong International, J.P. Morgan, Credit Suisse, Deutsche Bank, Citigroup, UBS, HSBC, Nomura, Standard Chartered, BOCOM International and other underwriters in Haitong Securities Co. Ltd.s (Haitong) US$1.68 billion Hong Kong Initial Public Offering and listing of its H shares on the Hong Kong Stock Exchange. The transaction comprised a Hong Kong public offering and a Reg S/Rule 144A international offering. It also has a 15% over-allotment option which could increase the total deal size to as much as US$1.9 billion if exercised in full.

Haitong, established in 1988, is the second largest securities firm in China by total assets and is already listed on the Shanghai Stock Exchange. It is the second Chinese securities firm to list on the Hong Kong Stock Exchange.

The Paul Hastings team was led by

, partner and Chair of Greater China, and capital markets partners and who were supported by a strong team principally comprising , , and .

Paul Hastings 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.

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