Kirkland & Ellis International LLP represents J.P. Morgan Securities (Asia Pacific) Limited, CITIC Securities Corporate Finance (HK) Limited, UBS AG, Hong Kong Branch, and Goldman Sachs (Asia) L.L.C. as joint global coordinators and joint bookrunners and China International Capital Corporation Hong Kong Securities Limited, The Hongkong and Shanghai Banking Corporation Limited, Haitong International Securities Company Limited, Citigroup Global Markets Limited, Citigroup Global Markets Asia Limited, Merrill Lynch International, Merrill Lynch Far East Limited, Deutsche Bank AG, Hong Kong Branch, BOCOM International Securities Limited, CMB International Capital Limited and BOCI Asia Limited as the other joint bookrunners in a global offering, including the initial public offering and listing on the Hong Kong Stock Exchange, of SINOPEC Engineering (Group) Co., Ltd., the leading oil refining, petrochemical and new coal chemical engineering company in China.
The global offering of the company comprises a total of 1,328,000,000 H shares (subject to adjustment and overallotment option), of which approximately five percent will initially be offered under the Hong Kong public offering and approximately 95 percent will initially be offered under the international offering. The indicative offer price range is from HK$9.80 to HK$13.10 per H share. Pursuant to the overallotment option, the joint global coordinators (on behalf of the international underwriters) have the right to require the company to issue up to 199,200,000 additional H shares, representing 15 percent of the number of offer shares initially available under the global offering.
The Hong Kong public offering commences at 9 a.m. on May 10, 2013, and is expected to close on May 15, 2013. Trading of the company's H shares on the Hong Kong Stock Exchange is expected to commence on May 23, 2013, under stock code 2386.
Depending on the exercising of the overallotment option, the total value of the deal is between US$1.66 and US$2.23 billion.
The Kirkland team, led by corporate partners Dominic Tsun, David Zhang, Li-Chien Wong and Fan Zhang and international trade partners Laura Fraedrich and Joanna Ritcey-Donohue, advised on both Hong Kong and U.S. law.
Kirkland & Ellis has a full-service practice in Asia, focusing primarily on complex, high-end cross-border transactional matters. With offices in Hong Kong and Shanghai, the Firm routinely advises on high-profile and high-value M&A transactions involving strategic and financial investors, private equity fund formation and investments, acquisition finance and global capital markets transactions, including Hong Kong and U.S. IPOs as well as high-yield offerings. In response to increasing client demand, the Firm has also deployed in Asia a team of lawyers that specializes in government and internal investigations, intellectual property and international tax matters. Kirkland's Asia strategy will be further bolstered by the opening of an office in Beijing, which is expected to occur later this year.
Kirkland & Ellis LLP is one of the world's leading law firms, with more than 1,600 attorneys across the globe representing clients in complex corporate and tax, restructuring, litigation and dispute resolution/arbitration, and intellectual property and technology matters.