LONDON (18 January 2008) The London and Shanghai offices of international law firm Faegre & Benson LLP have advised Natsun Holdings Ltd on its admission to trading on the AIM market of the London Stock Exchange. Evolution Securities China acted as financial adviser and broker and Evolution Securities acted as nominated adviser. The market capitalization of the company on admission to AIM was approximately £36.8 million.
Natsun Holdings had a placing price of 122 pence per share and raised gross proceeds of approximately £6.3 million.
Natsun Holdings is a Hong Kong incorporated, integrated worsted fabric and garment producer based in Shandong Province in the People’s Republic of China (PRC). Natsun Holdings produces a variety of worsted fabrics under the “Nanshan” brand for the PRC and overseas markets.
Faegre & Benson was able to offer Natsun Holdings a seamless service on this transaction as a result of the teamwork between the London and Shanghai offices. George Qi from the Shanghai office led the transaction. He was assisted by Max Audley, Simon Holden and Simon Hughes in London and Yiqiang Li in Shanghai.
Max Audley commented:
“Faegre & Benson is currently experiencing an influx of AIM transactions from both domestic and overseas companies. Our joint expertise in London and Shanghai positions us as a market leader in providing advice on AIM listings to Chinese companies.”