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Carey Olsen advises West China Cement on Hong Kong listing

Lawyers from Carey Olsen have advised West China Cement on its offering and listing on the Hong Kong Stock Exchange, which completed on 23 August 2010.

West China Cement is a cement producer in the Shaanxi province of China.

It is the first Chinese business held through a Jersey company to list on the Hong Kong Stock Exchange.

The offering, comprising of a Hong Kong public offering and an international placing, was substantially oversubscribed and has raised approximately HKD1,280m.

Partner Guy Coltman led the team providing Jersey legal advice on the transaction.

“Carey Olsen is honoured to be part of this ground-breaking deal involving a Chinese company of such calibre,” says Coltman. “This is a major listing for Jersey and an important milestone in our dealings with the domestic Chinese market. We have advised WCC on an ongoing basis having originally acted for the company on its admission to AIM in 2006 and are delighted to be a part of WCC’s team for this very successful transaction.”

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