Conyers Dill & Pearman provided Cayman Islands legal advice to Dongguang Chemical Limited in connection with its HK$169.6 million initial public offering (IPO) consisting of 160,000,000 Global Shares on the Main Board of the Stock Exchange of Hong Kong (Stock code: 1702).
Dongguang Chemical Limited manufactures and sells urea in the People’s Republic of China (“PRC”). It offers coal-based urea, a white crystalline solid organic compound, for use as a neutral nitrogen fertilizer in the agricultural sector and for the manufacturing of a range of products in the industrial sector, such as adhesives, coatings, plastics, and cosmetics, as well as urea by-products, including methanol, liquid carbon dioxide, and liquefied natural gas. The company was formerly known as Sino-coal Chemical Limited and changed its name to Dongguang Chemical Limited in June 2015.
Partner and Head of Conyers’ Hong Kong Office Christopher Bickley advised on the matter working alongside Chiu & Partners as Hong Kong counsel and Tian Yuan Law Firm as PRC counsel.