HSBC Dragon Fund lists in Hong Kong

    | BY

    clpstaff &clp articles

    Sullivan & Cromwell represented HSBC China Dragon Fund, a closed-end investment fund that focuses on investing in listed companies established or operating…

    Sullivan & Cromwell represented HSBC China Dragon Fund, a closed-end investment fund that focuses on investing in listed companies established or operating in the PRC, in its initial public offering and Hong Kong Stock Exchange listing of 371.91 million units. The aggregate size of the offering (including the over-allotment option) was approximately US$478 million. The IPO consisted of a public offering and listing in Hong Kong, a Regulation S offering outside the US, and an unregistered offering in the US to QIB-QPs in reliance on Rule 144A and Section 3(c)(7) of the US Investment Company Act of 1940. HSBC was the lead underwriter of the IPO.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]