Source: Legal Desire
Global law firm Clifford Chance has advised Shenzhen Senior Technology Material Co., Ltd. (Senior Material) on its US$120 million offering and listing of global depository receipts (GDRs) on the SIX Swiss Exchange under the expanded China-Europe Stock Connect Scheme.
China Co-Managing Partner Tim Wang and partner Jean Thio jointly led the team with support from counsel Lorna Lyu, associates April Zhang, Cathy Qian and Edward Xie, legal specialists Enoch Zhuang, Menglin Liang, Nora Peng and Quinn Gao.
Partner Chris Roe, senior associate Anjaneya Das and associate Ines Teixeira in London, and associates Michael Cheng and Sarah Ku in Hong Kong advised on the English law aspects in connection with the depositary arrangements.
Tim said, “GDR listings remain a popular alternative fundraising avenue for Chinese issuers, particularly in the fast-growing EV battery sector. We are proud of the legal expertise and collaboration our teams have brought to advise Senior Material in its landmark listing.”
Founded in 2003 and listed on the Shenzhen Stock Exchange in 2016, Senior Material is the first company in China to engage in the R&D and manufacturing of lithium-ion battery separators, and is today a global leader in the lithium battery separator industry.
The firm is the leading legal adviser on Swiss GDR listings, having advised on three pioneer Swiss GDR listings (Gotion High Tech, Gem Co and Ningbo Shanshan), Lepu Medical, Hangzhou GreatStar, Jiangsu Eastern Shenghong, Zhejiang Hangke Technology, Zhejiang Huayou Cobalt and more recently, Will Semiconductor.
Read full article: https://legaldesire.com/clifford-chance-advises-shenzhen-senior-technology-material-co-ltd-on-its-swiss-gdr-offering-and-listing/
