VISCHER: Hangzhou GreatStar lists GDRs on SIX Swiss Exchange

As we have informed last 15 November 2022 here, Hangzhou GreatStar Industrial, whose A Shares are listed on the Shenzhen Stock Exchange, became the eighth Chinese company that has listed global depositary receipts (GDRs) on the SIX Swiss Exchange. Hangzhou GreatStar Industrial issued and listed 11,812,700 GDRs at an offer price of USD 13.08 per GDR, with one GDR representing five A Shares. It raised gross proceeds of approximately USD 154.5m from the offering. Trading in the GDRs on the SIX Swiss Exchange commenced on 15 November 2022.

The company has built a portfolio of tool brands, some with an operating history of over a hundred years. The product portfolio mainly consists of hand tools, storage cabinets, power tools and laser measurements.

VISCHER has also supported Hangzhou GreatStar Industrial as Swiss counsel in connection with the fulfillment of listing requirements. The team included partner Robert Bernet (pictured), counsel Peter Kühn and senior associate Christian Schneiter.

VISCHER: Hangzhou GreatStar lists GDRs on SIX Swiss Exchange

mercedes.galan

Legalcommunity.ch

Launched in 2020 by LC Publishing Group, it is the first digital portal addressed to the Swiss legal market.
In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointments and providing insights, analytical data and opinions on the professions’ main trends and topics (Ai, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram