Duoyuan Global Water lists in US

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    Duoyuan Global Water has closed its US$88 million offering in New York

    Water treatment equipment manufacturer Duoyuan Global Water has closed its US$88 million offering of American Depositary Shares on the New York Stock Exchange. With shares commencing trading on June 24, the deal marks only the third IPO in the US by a Chinese company this year.

    The issuer turned to a Hogan & Hartson team on US law issues, led by Hong Kong partner Man Chiu Lee and Shanghai partner Arthur Mok. A Li Hui-led Commerce & Finance team advised on PRC law issues, while Barry Mitchell led the Maples and Calder team providing BVI law advice.

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