China's IPO Boom
23 Feb 2010
The article discusses the recent announcement by the HKSE, allowing British Virgin Islands ("BVI") companies to apply for a listing. With that, comes the option of an exit through an IPO. Consequently, more investment in China through BVI companies is anticipated. Both the Cayman Islands ("Cayman") and the BVI are popular jurisdictions for the incorporation of listed entities. However, Christine notes that the offshore legal counsel role in IPOs is far from commoditised. She cites as an example, Maples and Calder's counsel to the Evergrande Real Estate Group on its pre-IPO restructuring in 2009 which involved pioneering advice from a Cayman and BVI law perspective on equity and debt restructuring and compliance.
Please see the attached article for further information. It was first published on legalbusinessonline.com
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