Five law firms advise on Chinese tech firm’s Swiss GDR listing

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Five law firms assisted the listing of Kunshan Dongwei Technology, a leading domestic electroplating equipment manufacturer, raising USD105 million in a global depositary receipt (GDR) offering on the SIX Swiss Exchange.

Grandall Law Firm, Slaughter and May, Niedererer Kraft Frey, AllBright Law Offices and Linklaters advised the various parties involved in the transaction.

Grandall advised on PRC law for Kunshan Dongwei Technology, led by partner Wang Kan from the Hangzhou office.

Slaughter and May and Niederer Kraft Frey served as foreign counsel for the issuer. Partners Clara Choi, John Moore and Jing Chen led the Slaughter and May team, while the Niederer Kraft Frey team was co-led by partner Philipp Haas and associate Thiago Claro.

CLSA and Essence International Securities acted as the underwriters in this transaction. Senior partner Han Meiyun and partner Cai Qin led the AllBright team counselling the underwriters on PRC law, while Linklaters partners John Xu and Lipton Li provided foreign law advice.

Kunshan Dongwei Technology’s printed circuit board has a market share of more than 50% in China and listed on the Science and Technology Innovation Board in 2021, the Shanghai Stock Exchange said.

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