IFLR1000

China Galaxy Securities $3.1 billion H-shares placement

8/5/2015
Private placement of shares
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$ 23.92 billion

Announced

8/5/2015

Overview:

  • China Galaxy Securities has raised HK$23.92 billion through a private placement of shares in Hong Kong.
  • The brokerage firm placed 2 billion shares with 10 selected investors, with shares valued at HK$11.99.
  • The deal follows a similar placement by fellow brokerage firm Haiton Securities in December 2014.

John Crabb - Journalist

Jurisdictions:

China
Hong Kong SAR

Deal type:

Private placement of shares

Practice area:

Capital markets : Equity

Governing law:

Hong Kong

Industry sector:

Financial services

Firms:
Kirkland & Ellis

Party: Goldman Sachs (Lead manager)

Party: China Galaxy Securities Co Ltd (Lead manager)

Party: Nomura (Lead manager)

Latham & Watkins

Party: China Galaxy Securities Co Ltd (Issuer)

Lawyer: Cathy Yeung

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