Linklaters advises on the first batch of GDR listings on the SIX Swiss Exchange via the “China-Switzerland Stock Connect” programme| Deals | About Us | Linklaters

2022-07-29 17:52:18 By : Mr. Tomy GAO

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Linklaters advised on the successful listings for Ningbo Shanshan Co. Ltd. (Ningbo Shanshan), Keda Industrial Group Co. Ltd. (Keda), GEM Co. Ltd. (GEM) and Gotion High-tech Co. Ltd. (Gotion) on the SIX Swiss Exchange on 28 July 2022 in the form of global depository receipts (GDRs). Raising a total of US$ 1.5 billion, these four companies are the first A-share listed companies to list on the SIX Swiss Exchange through China-Swiss Connect, which is an important milestone for Chinese companies going abroad to Switzerland through the “Interconnection Mechanism”. Linklaters also assisted Citi in communicating with the SIX Swiss Exchange on the depositary proposal for the “China-Switzerland Stock Connect”.

Linklaters provided legal support to the SIX Swiss Exchange on its amendments to the Listing Rules, which came into effect on 25 July 2022, paving the way for the listing of A-share listed companies on the SIX Swiss Exchange in the form of GDRs. Three days later, the firm assisted Ningbo Shanshan, Keda, GEM and Gotion in completing their GDR listings, as the first batch of A-share listed companies listed on the SIX Swiss Exchange through the “China-Switzerland Stock Connect”. The firm’s roles on the four listings included advising:

Linklaters’ participation in the Swiss listings of Ningbo Shanshan, Keda, GEM and Gotion and advising Citi in the implementation of the GDR depositary programme demonstrates the firm's strength in advising on GDR listings through the “China-Switzerland Stock Connect” programme. Linklaters has been involved in all GDR listing projects in the market and has rich experience and a unique position in advising on GDR listings.

The Linklaters team was led by corporate partner John Xu and capital markets partners Iris Leung , Lipton Li and Neil Pallender .

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