The Firm represented the underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by China Huishan Dairy Holdings Company Limited (Huishan Dairy). Huishan Dairy offered an aggregate of 3,787,596,000 ordinary shares, which raised approximately HK$10.1 Billion (US$1.3 billion) in gross proceeds for Huishan Dairy and the selling shareholders.
Huishan Dairy is a leading and the most vertically integrated dairy company in China, and it currently owns the largest upstream resources and the second largest herd of dairy cows in China. Huishan Dairy pioneered and operate a unique fully integrated business model with the aim to establish the most trusted national dairy brand with a leading scale that inspires consumers’ confidence in product safety and quality. Shareholders of Huishan Dairy include its founder, Mr. Yang Kai, Chow Tai Fook Nominees, Hero Beteiligungen AG (a leading international consumer foods group based in Switzerland), Investec Bank plc and others. The ordinary shares of Huishan Dairy are listed on the Hong Kong Stock Exchange. Deutsche Bank, Goldman Sachs, HSBC and UBS acted as joint global coordinators, joint bookrunners and joint sponsors, and CIMB, Investec and Jefferies acted as joint bookrunners.
The Simpson Thacher team for the transaction included Chris Wong, Chris Lin, Marjory Ding, Howie Farn and Yi Gao (Corporate) and Robert Holo and Jodi Sackel (Tax).
