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Herbert Smith Freehills advises MMG Limited on new share placement in Hong Kong 史密夫斐尔为五矿资源有限公司新股配售提供法律服务

10 June 2021 | Asia Pacific
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Leading global law firm Herbert Smith Freehills has advised MMG Limited (01208.HK) on a HK$2,344.75 million (US$302.16 million) placement of new shares on the Hong Kong Stock Exchange.

MMG Limited is a subsidiary of state-owned mining conglomerate China Minmetals Corporation (CMC), with interests in copper, zinc and other metals projects across Australia, the Democratic Republic of the Congo and Peru.

The placement comprises 565,000,000 new shares at a price of HK$4.15 per share. These shares account for approximately 7.00% of the existing issued share capital of MMG and approximately 6.54% of the issued share capital as increased by the placement. Proceeds from the placement and subscription will be used for potential acquisitions or projects, and for the company’s general working capital.

Partners Matt Emsley (Hong Kong), Tim McEwen (Melbourne) and Jeremy Shen (Hong Kong) jointly led a Hong Kong-Melbourne team advising MMG on the placement, assisted by associate Aaron Li and trainee solicitor Yuanchao Bi in Hong Kong.

"Our congratulations to MMG, with whom we have a longstanding client relationship in Asia and Australia, on this latest placement” said Matt. “The success of the placement showed the continued strength and depth of the Hong Kong capital markets for international energy and projects businesses.”

"Our cross-jurisdiction team offers real strengths to companies accessing global capital markets such as Hong Kong, as well as ensuring local compliance," said Tim.

"Chinese multinationals continue to capitalise on the strengths of cross-border capital markets," said Jeremy. "As well as a strong pipeline for biotech, pharma and new tech offerings in Hong Kong, we see continued appetite for solid capital markets issues by traditional heavy and manufacturing businesses."

全球领先的律师事务所史密夫斐尔为五矿资源有限公司(01208.HK)(以下简称“五矿资源”)在香港证券交易所配售23.4475亿港元(合3.0216亿美元)新股提供法律服务。

五矿资源是中国国有矿业集团中国五矿集团(CMC)子公司,在澳大利亚、刚果民主共和国和秘鲁的铜、锌和其他金属矿产项目中拥有权益。

五矿资源以每股4.15港元配售5.65亿股新股份,占现有已发行股本约7.00%,以及经配售事项扩大的公司已发行股本约6.54%。配售事项所得款项将用于潜在的收购或项目,以及公司的一般运营资金。

史密夫斐尔香港办公室合伙人艾迈修(Matt Emsley)、墨尔本办公室合伙人Tim McEwen以及香港办公室合伙人沈志良(Jeremy Shen)共同领导香港-墨尔本联合团队为五矿资源此次配售提供服务,香港办公室李肇伦(Aaron Li, Associate)和毕源超(Yuanchao Bi, Trainee Solicitor)提供协助。

艾迈修表示:“史密夫斐尔与五矿资源在亚洲和澳大利亚市场保持着长期客户关系。祝贺五矿资源成功完成此次新股配售!此次成功配售显示了香港资本市场对国际能源和项目企业具有的长期实力和深度。”

Tim表示:“史密夫斐尔拥有的跨司法管辖区团队,能够助力企业在进入香港及其他全球资本市场确保合规的同时,为其提供切实的优势。”

沈志良表示:“中国跨国企业正在不断发掘跨境资本市场的优势。我们看到,香港市场不仅是生物科技、制药和新兴科技公司上市的热门目的地,还是传统重工业和制造业企业寻求持续稳健的股权融资的重要选择。”

 

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