Herbert Smith Freehills has advised China Everbright Bank on its issue and private placement of 5.8 billion new H shares on the Hong Kong Stock Exchange.
The placement was made to China Everbright Group Limited and Overseas Chinese Town Enterprises Company, and completed on 22 December after Chinese regulatory approval was received. It injects close to US$4 billion into the bank, a Hong Kong and Shanghai listed company and one of the largest commercial banks in China.
Beijing partner Tom Chau (picture) led the team advising China Everbright Bank on the placement, assisted by senior associate Lawrence Wang.
Law Firms: Herbert Smith Freehills;
Clients: China Everbright;