Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 12-12-2014 | Practice Area: | Equity Capital Markets |
| Deal Title: | PICC Property and Casualty Company Rights Issue | Industry: | Nonlife Insurance |
| Description: |
Freshfields Bruckhaus Deringer advised the underwriters on the USD1.17bn rights issue of PICC Property and Casualty Company Limited (PICC).
PICC, the Chinese state-controlled and China's leading non-life insurer, has issued around 397.8m H-shares at HKD7.46 per share and 844.6m domestic shares at RMB5.92 per share. PICC has raised a total of RMB7.24bn (USD1.17bn) from the rights issue.
Freshfields advised the underwriters, CICC, HSBC and Goldman Sachs, on the Hong Kong and US law aspects of the transaction.
The Freshfields capital markets team was led by corporate partner Richard Wang in Beijing and US corporate partner Calvin Lai in Hong Kong.
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| Financial Center: | Beijing | Value: | 1000.01-5000.00 |
| Advised Party: | Underwriter | Law Firm | Freshfields Bruckhaus Deringer |
| Issuer Jurisdiction-- | China | Listing Jurisdiction-- | Hong Kong |
| Classification: |
Rights Issues |
Lawyer | Richard Wang |
