Fangda advises on CDHORIZON's listing on the Main Board of Hong Kong Stock Exchange
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Fangda advised Horizon Construction Development Limited (“CDHORIZON,” stock code: 9930) on its listing on the Main Board of the Hong Kong Stock Exchange on May 23, 2023 , raising a total of about HKD1.64 billion.
As a subsidiary of Far East Horizon, CDHORIZON is a leading equipment rental company in China. CDHORIZON provides full-cycled service including equipment rental, shoring solutions, scaffolding solutions, etc. to industrial, commercial and infrastructure end-markets. According to an industry consultancy report, as of the end of 2022, CDHORIZON ranked first in three markets: aerial work platforms, new support systems and new formwork systems. All rankings were based on equipment holding numbers in China.
Fangda acted as the PRC legal counsel to the joint sponsors, advising at all stages of the listing. The team was led by partners Jeffrey Ding, Miles Ma and Sherry Xu and by counsel Jianbo Wei, with support provided by team members Tingting Huang, Zoe Tan, Xiaobo Wen, Cynthia Zhan and Janet Song.
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