China Petrochemical Development Corporation’s $129.2 Million Depositary Shares Offering


Simpson Thacher represented the initial purchasers, Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit, in connection with the offering.

China Petrochemical Development Corporation (“CPDC”) completed its US$129.2 million offering of global depositary shares.

The offering was led by Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit as joint bookrunners, and conducted in reliance upon Regulation S under the Securities Act of 1933.

CPDC is a leading manufacturer of caprolactam and acrylonitrile based in Taiwan, and its shares are listed on the Taiwan Stock Exchange.

The Simpson Thacher team for the transaction included Chris Lin (Picture), Howie Farn and Keng-Wen Lin (Hong Kong Corporate).

Involved fees earner: Howie Farn – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Yuanta Securities (Hong Kong) Co. Ltd; Yuanta Securities Co., Ltd. Offshore Securities Unit;

Author: Michael Patrini