King & Wood Mallesons’ (KWM) Hong Kong office has advised CAA Resources Ltd on its HK$487.5m initial public offering (IPO) in Hong Kong.
CAA Resources is an iron ore product supplier in the state of Pahang, Malaysia. Its primary business operations include iron ore exploration, mining, crushing and beneficiation in Malaysia as well as sale of iron ore products in the form of iron ore concentrates and iron ore fines to the People’s Republic of China.
The listing is notable as it is one of the few listings pursuant to Chapter 18 of the Listing Rules for listing of mining companies in 2013 and by one of the few listed issuers in Hong Kong with principal business operations and nexus in Malaysia.
The KWM Hong Kong team was led by partner Candy Chan.