Sidley Austin LLP represented Geely Automobile Holdings Limited.
Geely Automobile Holdings Ltd (HKEX: 175) raised HK$6.48 billion ($836 million). Hong Kong-based Geely has sold 600 million primary shares at the bottom of the HK$10.80-HK$11.20 ($1.39-$1.44) price range, or at a 7.85% discount to the last closing price of HK$11.72.
Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley & Co. International Plc and UBS AG Hong Kong Branch are acting as the placing agent of the transaction.
Geely Automobile is a leading automobile manufacturer, focusing on development, manufacturing and sales of passenger vehicles. The Company sells most of its products in the China market and has also expanded its sales through export to other developing countries in the past few years.
The Sidley team was led by partner Christopher Cheng (Picture) and Carrie Li, with support from counsel Anna Chow and Julia Zhu, as well as associate Ruby Kong.
Law Firms: Sidley Austin LLP;
Clients: Geely Automobile Holdings Limited;