Zhongguancun Science-Tech Leasing Co., Ltd.’s HK$507 Million IPO

O’Melveny & Myers LLP represented the sponsor and the underwriters in Hong Kong IPO of Zhongguancun Science-Tech Leasing.

Guotai Junan Capital Limited as sole sponsor, Guotai Junan Securities (Hong Kong) Limited actes as main underwriter in the approximately HK$507 million (approximately US$65 million) initial public offering and H share listing of Zhongguancun Science-Tech Leasing Co., Ltd. (“the Company”) (1601.HK) on the Main Board of the Hong Kong Stock Exchange. In addition, should the over-allotment option in this listing be exercised in full, the total projected offering size is expected to be approximately HK$583 million (approximately US$75 million).

Based in Zhongguancun, Beijing, often referred to as “China’s Silicon Valley”, the Company is a pioneer and the most dedicated finance lease company in serving technology and new economy companies in China. The Company will primarily use proceeds of the IPO to expand its business operations by offering finance lease solutions and financial services to more technology and new economy, companies in big data, eco-solutions, life sciences & healthcare, intelligent manufacturing, and internet-based products & services industries in China.

The O’Melveny team was led by partners Ke Zhu (Picture) and Ke Geng, and the team included counsel Ye Sun, associates Qianyu Hu and Henry Wong, former associate Stella Zhao, trainee solicitor Dave Chan, and legal consultants Liam Liu, Jingwen Zou, Alicia Zheng and Elle Mei.

Involved fees earner: Ke Geng – O’Melveny & Myers LLP; Qianyu Hu – O’Melveny & Myers LLP; Ye Sun – O’Melveny & Myers LLP; Henry Wong – O’Melveny & Myers LLP; Ke Zhu – O’Melveny & Myers LLP;

Law Firms: O’Melveny & Myers LLP;

Clients: Guotai Junan Capital Limited; Guotai Junan Securities Co., Ltd.;

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Author: Michael Patrini