International law firm Richards Butler in association with Reed Smith has acted for China Zhongwang Holdings Limited on its US$1.3 billion listing on the Hong Kong Stock Exchange, one of the largest Asian IPOs this year.

China Zhongwang Holdings is a leading aluminium extrusion products manufacturer in Asia. The Hong Kong IPO and Global Offering raised approximately HK$9.8 billion. Trading commenced on 8 May 2009.

Richards Butler in association with Reed Smith was engaged from the initial pre-listing reorganisation, which involved the segregation of many different businesses and assets in China between the private and the listed group, as well as the establishment of an off-shore holding structure for the listing. Richards Butler in association with Reed Smith also advised China Zhongwang on the pre-listing strategic investment by Olympus Capital Holdings Asia, a private equity firm, for US$100 million through the issue of an exchangeable loan note by the parent company of China Zhongwang.

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