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Freshfields advises on US$2.1bn shares rights issue of China Merchants Securities Co. Ltd.

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised China Merchants Securities (HK) Co. Ltd, CLSA Ltd. and CMB International Capital Ltd., underwriters of the HK$16.35bn (approximately US$2.1bn) A+H shares rights issue of China Merchants Securities Co. Ltd (‘China Merchants Securities’). The fully-paid H shares rights started trading on the Hong Kong Stock Exchange on 20 August 2020.

China Merchants Securities provides investors with all-round securities investment and financing services, including securities trading, securities financing and loans, securities issuance and underwriting, M&A, asset restructuring, financial consultation, asset management, asset custody and fund administration and investment consultation. The transaction marks the first A+H shares rights issue by a PRC-listed securities firm. It is also the largest A+H shares rights issue since 2014 in terms of funds raised.

The Freshfields team advising on the transaction was led by partners Jason Xu and Calvin Lai and counsel Steven Hsu.

ENDS

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About Freshfields Bruckhaus Deringer

Freshfields Bruckhaus Deringer is a global law firm with a long track record of successfully advising the world's leading national and multinational corporations and financial institutions on groundbreaking and business-critical challenges. Our team of more than 2,800 lawyers and other legal professionals delivers global results from our 27 offices worldwide. Our commitment, local and multinational expertise and business know-how means our clients can rely on us when it matters most.

The Freshfields team was led by: