Oil IPO raises US$410 million
Date:
April 2008
Keywords (click to search): [Honghua Group] [Arculli Fong & Ng] [Latham & Watkins] [King & Wood] [Appleby ]
Honghua Group, the largest onshore oil rig manufacturer in China, raised US$410 million from its Hong Kong IPO and Rule 144A / Regulation S global offering. The oil maker sold 25% of its enlarged share capital. Herbert Smith advised on both Hong Kong and US laws. Honghua Group was advised by Arculli Fong & Ng on matters of Hong Kong law, while Latham & Watkins advised on US law. King & Wood advised on PRC law, while Appleby advised on Cayman Islands law.
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