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Leading international law firm Herbert Smith Freehills has advised CICC and CMB International as joint sponsors and underwriters of Lygend Resources & Technology Co., Ltd. (02245.HK)’s mainboard listing on the Stock Exchange of Hong Kong. Lygend is Hong Kong's 6th largest IPO in 2022.

Lygend trades and produces nickel products. The company ranked first globally by nickel product trading volume in 2021, and first in China in terms of nickel ore trading volume in 2021, with a market share of 26.8% in 2021. Lygend has developed the HPAL project in Indonesia with its Indonesian partner, one of the most technically advanced nickel-cobalt compound hydrometallurgy projects worldwide. Lygend listed on 1 December 2022.

"We are delighted to have worked with Lygend, a leading company with business across the entire nickel industry value chain, on its successful listing on the Hong Kong Stock Exchange,” said Hong Kong partner Jason Sung. "We congratulate Lygend and the joint sponsors on this successful IPO and wish them continued success."

"We appreciate our clients CICC and CMB International for their trust in us on such a high-profile transaction," said Jason. "It is an honour to have worked with leading investment banks like them in global capital markets."

"Our expertise in capital markets ranges from traditional industries to innovative sectors," said Jason. "We look forward to continuing to support Chinese companies to access international investors through Hong Kong."

Herbert Smith Freehills leads the legal market in advising sponsors and underwriters on Hong Kong IPOs. The firm has advised on ten successful listings in Hong Kong for the year to date. Notably, Herbert Smith Freehills has advised Onewo Inc. (02602.HK), Lygend Resources & Technology Co., Ltd. (02245.HK), and JL MAG Rare-Earth Co., Ltd. (06680.HK), respectively the 4th, 6th and 7th largest IPO.

Jason led the team advising joint sponsors, assisted by senior associates Kris Cheung and Maisie Ko, associates Crystal Chan and Kristina Li, as well as legal assistant Kate Lam. Jin Kong, our US securities laws partner (senior registered foreign lawyer - New York, USA), together with registered foreign lawyer (New York, USA) Haiyun Chen and legal manager Hilary Chong advised on the US law aspects of the IPO. Registered foreign lawyers (New York, USA) Ariel Lin and Sean Gao also provided support.

Legal manager Marine Jin led Herbert Smith Freehills Kewei Joint Operation’s Alternative Legal Services business to provide high-efficiency solutions for verification and other document-intensive processes during the offering, assisted by legal specialist Ling Jiang and legal analyst Kate Shen. 



史密夫斐尔香港办公室合伙人宋子淳(Jason Sung)表示:“力勤资源是一家领先的镍全产业链公司,我们很高兴助力其成功在联交所上市。衷心向力勤资源和联席保荐人表示祝贺,并祝愿他们不断取得成功。”



史密夫斐尔在为保荐人和承销人就香港IPO上市提供法律服务方面处于市场领先地位。截至目前,本所在2022年已为10家公司在香港上市提供法律服务。值得一提的是,史密夫斐尔参与的万物云(02602.HK)、力勤资源(02245.HK)和金力永磁(06680.HK) IPO,分别创下了2022年至今香港第四、第六和第七大IPO。

合伙人宋子淳率领律师团队为此次上市的联席保荐人提供法律服务。香港法方面主要团队成员包括张昕(Senior Associate)、高美诗(Senior Associate)、陈念彤(Associate)、李天恩(Associate)和林乐彤(Legal Assistant)。合伙人(Senior Registered Foreign Lawyer) 孔瑾、陈海韵(Registered Foreign Lawyer)和种欢子(Legal Manager)就美国法方面提供法律服务。林苡萱(Registered Foreign Lawyer)和高炜华(Registered Foreign Lawyer)也为此次上市提供了支持。

金燊(Legal Manager)率领的科伟史密夫斐尔联营办公室替代性法律服务(ALT)联合团队在上市项目期间为招股书验证及其他文件密集型工作提供高效率的解决方案。江凌(Legal Specialist)和沈星儒(Legal Analyst)提供支持。

Key contacts

Jason Sung photo

Jason Sung

Partner, Head of M&A, Asia, Hong Kong

Jason Sung
Jin Kong photo

Jin Kong

Senior Foreign Registered Lawyer (USA – New York), Hong Kong

Jin Kong

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Sally Greig

Sally Greig, Head of Communications, Asia

Hong Kong

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