Grandall Advised DZUG’s Global Offering on HK Market
On 5 December 2016, H shares of Shanghai Dazhong Public Utilities (Group) Co., Ltd. (DZUG) were officially listed on the Main Board of the Stock Exchange of Hong Kong (stock code: 1635.HK).
DZUG is a leading public utility service provider in Shanghai. The global offering comprises a total of 478,940,000 H shares at the price of HKD 3.60 per share. The company has entered into cornerstone investor agreements with 5 cornerstone investors, namely, EEN Energy China Investment Limited, Investstar Limited, New China Asset Management (HK) Limited, Fung Yu Holdings Limited and Hungary CRE New Energy Equipment Co. Kft.
Grandall Shanghai Office acted as the legal counsel for domestic underwriter of DGUZ’s HK listing, with LIU Wei, YUE Yongping, CHENG Jingjiao, TANG Zhan and SONG Yiqi providing comprehensive legal service for the case.