Hogan Lovells has advised CLSA and CITIC Securities Corporate Finance (HK) as the joint placing agents in respect of a placement of 115 million existing shares in Trigiant Group for approximately HKD362.3m (£30m).
In addition, the same number of new shares was issued to its controlling shareholder Trigiant Investments.
PRC-based Trigiant is a manufacturer engaged in the research, development and sales of cable-series, new-type electronic components and other accessories for use in mobile communications and telecommunications equipment. Trigiant is a listed company on the Hong Kong Stock Exchange.
This is the firm’s second transaction for CLSA and CITIC Securities this year. In September, Hogan Lovells advised the banks as the joint placing agents in respect of a placement of 180 million existing shares in Xinyi Glass Holdings for approximately HKD1.206bn.
The team was led by Hong Kong corporate partner Terence Lau and included associates Sheryl Cheung and Priscilla Lee.