Sidley advised on the initial public offering (IPO) and H share listing of ContiOcean Environment Tech Group Co., Ltd. (ContiOcean) (HKEX: 2613) on the Main Board of the Hong Kong Stock Exchange (HKEX). Sidley acted as Hong Kong and U.S. counsel for the joint sponsors, namely CITIC Securities (Hong Kong) Limited and China Galaxy International Securities (Hong Kong) Co., Limited, and the underwriters.
ContiOcean is a PRC-based maritime environmental protection equipment and system provider serving customers from different regions and aims to help shipowners and other customers in reducing sulfur and GHG emissions and improving maritime operations. ContiOcean ranked third among ship exhaust gas cleaning system providers based in China and fourth among all ship exhaust gas cleaning system providers in the world by the volume of the total number of completed orders during 2023 and the cumulative on-hand orders as of December 31, 2023, for ship exhaust gas cleaning systems.
The Sidley team was led by partners Sherlyn Lau, member of Sidley’s Executive Committee and deputy head of its China Corporate and Finance group, and Meng Ding. Other team members included counsels Eva Tsui and Liming Xu, senior managing associate William Lau, managing associate Cindy Liu, China advisor Anna Ding, senior legal assistants Sia Yang, Wendy Ho, and Alice Liu, legal assistant Andy Tam, and trainee solicitors Victoria Tsang and Wincy Yim.
Sidley is one of the few international law firms that have represented the largest number of Chinese and international companies in Hong Kong IPOs. As a trailblazer in the Hong Kong capital market, Sidley has successfully handled an increasing number of high-profile IPOs for advanced technology and new economy companies. Sidley was “highly recommended” in the Most Innovative Lawyers in Science and Technology category at the FT Innovative Lawyers APAC Awards 2024, announced in May. The firm also earned the prestigious “China Best Client Service Award” at the Chambers Asia-Pacific and Greater China Region Awards 2024. Earlier this year, Sidley received the Grand Prix Prize for “International Law Firm of the Year” at Law.com International’s Asia Legal Awards 2024, along with the distinguished “Securities Firm of the Year” award.
