Global Law Office, Commerce & Finance Law Offices and other law firms help AustAsia Group land on the Hong Kong Stock Exchange
2022-12-30

On December 30, 2022, AustAsia Group Ltd. ("AustAsia Group") (2425.HK) was successfully listed on the Main Board of the Stock Exchange of Hong Kong. AustAsia Group is offering 30,640,000 shares globally at an issue price of HK$6.40 per share.

AustAsia Group is one of the top five dairy farm operators in China. The company has a long history of providing high quality raw milk to a diversified downstream dairy manufacturer customer base, as well as a beef cattle breeding business in China since 2018, and is the first dairy farm operator in China to design, build and operate a large-scale and standardized 10,000-head dairy farm.

CICC and DBS Asia Capital Limited acted as joint sponsors for the offering and Commerce & Finance Law Offices, Clifford Chance LLP acted as legal advisor to the sponsors in respect of PRC law and Hong Kong law respectively.

Global Law Office, Freshfields Bruckhaus Deringer acted as the issuer's PRC legal advisor and Hong Kong legal advisor respectively, and provided professional legal services for this project.