China insurer stars in the only A+H listing of 2011
December 14, 2011 | BY
clpstaff &clp articlesPRC insurance company, New China Life Insurance Company (New China Life) has completed a simultaneous A+H listing on the Hong Kong and Shanghai stock exchanges.…
PRC insurance company, New China Life Insurance Company (New China Life) has completed a simultaneous A+H listing on the Hong Kong and Shanghai stock exchanges. This is the year's only A+H share listing and it raised US$1.9 billion from the global offering
The underwriters of the offering were China International Capital Corporation and UBS Securities.
Advising the issuer on Hong Kong law aspects was a multi-office Freshfields Bruckhaus Deringer team led by Hong Kong partner Teresa Ko, London partner Stephen Revell and Beijing partner Richard Wang. Davis Polk & Wardwell represented New China Life as to US law aspects, with Commerce & Finance Law Firm serving as PRC counsel. King & Wood, led by partner Yang Xiaolei, and Slaughter & May's Benita Yu acted for the underwriters. US counsel to the underwriters was Sullivan & Cromwell.
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