Tongshang & Tongshang HK jointly advised in a HK$978 million top-up placing of shares of China Nonferrous Mining Corporation Limited (HKEx: 1258)
Eric Chow & Co. in Association with Commerce & Finance Law Offices (“Tongshang Hong Kong”), together with our PRC office, Commerce & Finance Law Offices (“Tongshang”), jointly advised in a HK$978 million top-up placing of shares of China Nonferrous Mining Corporation Limited (HKEx: 1258) (“CNMC”). In this transaction, a wholly-owned subsidiary of China Nonferrous Metal Mining (Group) Co., Ltd which is a state-owned enterprise, appointed the placing agent to place up to 163 million shares of CNMC at a placing price of HK$6.0 per share. China International Capital Corporation Hong Kong Securities Limited acted as the Placing Agent in this transaction.
CNMC’s subsidiaries are principally engaged in exploration, mining, ore processing, leaching, smelting and sale of copper cathodes, blister copper and copper anodes, and production and sale of cobalt hydroxide, sulphuric acid and liquid sulphur dioxide.
Tongshang Hong Kong team was led by Eric Chow (Managing Partner) and Priscilla Lee (Partner), supported by Winnie Tang (Counsel) and Jessie Cheung (Senior Associate).