Allen & Overy advises SINOPEC Engineering on IPO offering
Allen & Overy is advising SINOPEC Engineering (Group) Co Ltd (‘SINOPEC Engineering’) on its (approximately) $2bn initial public offering (IPO) and listing on the Hong Kong Stock Exchange, Hong Kong’s largest IPO so far in 2012.
SINOPEC Engineering, a subsidiary of SINOPEC Group, is an oil refining, petrochemical and new coal chemical engineering company in the PRC. China Petroleum & Chemical Corporation, another subsidiary of SINOPEC Group, is listed on the Hong Kong Stock Exchange with a market capitalisation of approximately $98bn.
The Allen & Overy team advised on US and Hong Kong law aspects of the deal, and was led by corporate partner Vivian Yu, Sinopec relationship partner Mark Roppel and Asia capital markets head James Grandolfo. They were supported by counsels/associates from the firm’s Hong Kong and Beijing offices, including Zheng Zha, Donnelly Chan, Ke Huang, Chaobo Fan and Jia Li. Partner Kenneth Rivlin (New York) and senior associate Sahand Boorboor (New York) provided advice on regulatory compliance.
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