DLA Piper advises CICC and Macquarie on HKD772 million equity financing by China Hanking Holdings

Global law firm DLA Piper has advised China International Capital Corporation Limited (CICC) and Macquarie Capital Limited (Macquarie), in their roles as placing agents, on the subscription and placing of new shares under a general mandate by China Hanking Holdings Limited, raising aggregate net proceeds of approximately HKD772 million (USD99 million).

China Hanking Holdings Limited is a Hong Kong‑listed investment holding company focused on supplying key materials for the new energy industry. Its core businesses span iron ore, high‑purity iron and gold, covering the full value chain from exploration and mining to processing and sales.

The transaction comprised the placing of new shares to no less than six professional investors and a subscription of new shares to selected strategic investors. Both tranches were priced at HKD3.80 per share. Proceeds from the transaction will be primarily used to fund the construction and development of the Mount Bundy gold mine project in Australia.

DLA Piper provided Hong Kong and US legal advice to CICC and Macquarie, and the team was led by Hong Kong‑based Corporate partner Christina Loh, with support from Christine Liu (foreign legal consultant (Texas, USA)), Maisie Yeung and Megan Ho (associates).

Christina Loh commented: “The transaction reflects continued investor appetite for well‑structured capital raisings in the Hong Kong market and demonstrates our team’s strong experience in supporting international investment banks on complex, cross‑border equity offerings involving both Hong Kong and US legal considerations.”

DLA Piper continues to advise leading financial institutions on significant capital markets transactions across Asia, demonstrating the firm’s depth of expertise across markets, sectors and regulatory frameworks.