Leading international law firm Clifford Chance has advised Beijing-based Sunshine Insurance Group on its initial public offering and listing on the main board of the Hong Kong Stock Exchange. The total funding raised is approximately HK$6.7 billion (US$861.3 million).
China Co-Managing Partner Tim Wang and partners Fang Liu and Tianning Xiang co-led the deal, with support from counsels Hao Wu, Claire Cao and Erxin Lu, senior associate Emma Bao, associates Yumeng Fan, Ada Zheng, Ashley Sun and Jingyi Zhang, trainees Xiao Yu and Yunwen Wang and paralegal Jerrie Si.
Tim commented, “We are proud to bring together the best of our integrated cross-practice team to advise on Sunshine Insurance Group’s milestone listing, supporting the Group’s ambitions to attract new capital to the Hong Kong market.”
Clifford Chance previously advised on some of the Hong Kong’s largest initial public offerings and listings to date, Tianqi Lithium Corporation (US$1.7 billion) and China Aviation Lithium Battery Co Ltd (US$1.3 billion). Sunshine Insurance Group is a leading insurance provider which offers provides property insurance, life insurance, credit guarantee insurance, and other services.
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