Allen & Overy advises on Zhejiang HangKe Technology’s GDR listing on the SIX Swiss Exchange
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Allen & Overy has advised Zhejiang HangKe Technology Incorporated Company on its global depository receipts (GDR) offering and listing on the SIX Swiss Exchange (SIX), raising funds of USD173 million. CLSA and Huatai acted as the joint global coordinators.
Zhejiang HangKe Technology is one of the world leading players in the design, R&D, production, sales and services of lithium-ion battery formation and grading equipment and system. It has its A shares listed on the Shanghai Stock Exchange.
Since the commencement of the China-Switzerland Stock Connect regime, Allen & Overy has been advising on a number of GDR offerings by Chinese issuers, in support of their growth plans and capital needs.
The A&O deal team consisted of Jonathan Hsui (partner), Kung-Wei Liu (partner), Ryan Tou (of counsel), Matthew Chan, Yvonne Wong, Zoe Guan, Julia Zhu, Kathleen Tay and Ellen Liu, as well as Ivan Huang and Hannah Huang from A&O’s Shanghai joint operation partner Shanghai Lang Yue Law Firm.