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Guantao Law Firm

18/F, TOWER B, XINSHENG PLAZA, 5 FINANCE STREET, XICHENG DISTRICT, BEIJING 100032, CHINA
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Work +86 10 6657 8066
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www.guantao.com
Beijing, Chengdu, Dalian, Guangzhou, Hangzhou, Hong Kong and 6 more

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Guantao Advises BBMG on its Successful IPO of A Shares Listing

March 2011

On March 1, 2011, BBMG Corporation (hereinafter referred to as "BBMG) successfully achieved its A shares listing on the Shanghai Stock Exchange. BBMGs listing ceremony was attended by many high-level officials including the vice mayor of Beijing Mr. Jilin, vice mayor of Shanghai Mr. Tu Shaoguang, vice president of Beijing C.P.P.C.C. Mr. Li Xiaohong and president of China Building Materials Federation Mr. Zhang Renwei. Guantaos partner Mr. Fu Sanzhong and lawyer Mr. Hu Shenglin were also invited to attend the ceremony.

 

 

BBMG has achieved H shares listing on HKSE since 2009. The Shanghai IPO took an innovative approach by issuing A shares listing and simultaneously converting and merging Taihang Cement Company. As such, BBMG has returned to A share market, being the first in the new year to successfully achieve dual A and H listing on both exchanges.


BBMG mainly engages in four lines of business including cement, new building materials, real estate development and property investment and management. As a leading manufacturer of cement and new building materials known for being green, environmentally friendly, and energy-efficient, BBMG is also one of the largest affordable housing developers and the largest holder of high-quality commercial real estate in Beijing.


BBMG issued 410,404,560 A shares and converts all shares of the Taihang Cement at the exchange ratio of 1.2:1 for the convertible merger. The issue price is RMB 9 Yuan per share. BOC International (China) Ltd. acted as the sponsor and financial advisor of the merging party.

 

Guantao served as the sponsors PRC legal counsel. Guantaos excellent legal team included partners Mr. Cui Li Guo, Mr. Sun Dong Ying, Ms. Su Bo and Mr. Fu San Zhong, with associate lawyers Mr. Hu Sheng Lin, Mr. Wang Yang, Ms. Zeng Hong, Ms. Gong Yuan Jin and Ms. Zhou Qian, providing full legal services for the BBMG project.

 

 


 

www.guantao.com

 

 

 

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