2017.07.13
On May 19 2017, BOCOM International Holdings Company Limited (BOCOM International, stock code: 3329) successfully listed its shares on the main board of the Stock Exchange of Hong Kong Limited (SEHK). On June 14, part of the over-allotment shares were allotted and issued, making BOCOM International the first HK-listed securities firm with a PRC bank background. Pursuant to the listing, an aggregate of 734 million shares were issued at HK$ 2.68 per share, raising approximately HK$ 1.969 billion.
Founded in 1998, BOCOM International is an integrated platform of the Bank of Communications for securities and related financial services in Hong Kong. As one of the earliest licensed securities firms with a PRC background in Hong Kong, BOCOM International has developed into one of the largest securities firms specializing in securities brokerage, corporate finance, underwriting and asset management in Hong Kong. Upon its successful listing on the SEHK, BOCOM International has become the first HK-listed securities firm with a PRC bank background.
In this project, JunHe acted as the PRC legal counsel to the joint sponsor and the underwriter, engaged in the design of the spin-off proposal to effect the listing of BOCOM International separating from the Bank of Communications, the A + H shares listed company, and offered its highly effective expertise in conducting the domestic legal due diligence investigation. JunHe also assisted the sponsor during communications with the governmental authorities and interviews during third-party due diligence, reviewed and revised the prospectus and listing documents, and issued various legal opinions.
Partners ZHANG, Ping, YU, Yongqiang (YY), WAN, Jing (Joe) and LI, Xiaocheng led the JunHe team that represented BOCOM International.
