The placing agreement was signed on 30 November 2014, pursuant to which the sole Placing Agent, Morgan Stanley, will, on behalf of Ping An, place an aggregate of 594,056,000 new H shares at the placing price of HK$62.00, to no fewer than six but no more than ten independent professional, institutional and/or individual investors on a fully underwritten basis.
Ping An intends to use the proceeds of the placing to fund its business development and replenish equity and working capital.
The DLA Piper team included Dr. Liu Wei (Office Managing Partner, Beijing), Roy Chan (Office Managing Partner, Shanghai), Stephen Peepels (Head of US Capital Markets, Asia Pacific) and was supported by Yeti Ho (Of Counsel) and Xiao Li (Legal Officer).
The sole placing agent is Morgan Stanley, with Ping An of China Capital (Hong Kong) Company Limited, Goldman Sachs and Credit Suisse acting as financial advisers to the company for the placing. Paul Hastings were legal advisers to the sole placing agent.
Source: news.dlapiper.com
