CHINA TOWER IPO
King & Wood Mallesons (KWM) and Freshfields Bruckhaus Deringer advised China Tower Corporation on its proposed global offering and H-share listing on the main board of the Stock Exchange of Hong Kong. Zhong Lun Law Firm and Commerce & Finance Law Offices served as legal counsel for the underwriters in the IPO.
The HK$54.3 billion (US$6.9bn) IPO, before exercise of the overallotment option, made it the largest worldwide since October 2016.
China Tower is the world’s largest telecommunications tower infrastructure service provider. Its network of almost 1.9 million sites spans 31 provinces, municipalities and autonomous regions in China, covering all cities and extensive rural areas.