Salans advises Chinese real estate developer Euro Asia on its IPO on the Frankfurt Stock Exchange
Salans on its IPO. The company is an offshore holding of a group which is exclusively active in China. Euro Asia’s listing is only the second Chinese IPO in the entry standard segment of the Frankfurt Stock Exchange.
Euro Asia is a real estate projects developer which primarily invests in the city of Weifang in the Chinese province of Shandong. In the framework of the IPO, 1 million ordinary no par value bearer shares originating from the company’s statutory authorised share capital were placed via a public offering in Germany and Luxembourg as well as via private placements to institutional investors outside of Germany, Luxembourg and the United States. Munich based mwb fairtrade Wertpapierhandelsbank AG acted as financial adviser.
The German and Chinese offices of Salans worked very closely together in the context of this IPO. Salans’ particular positioning on German-Chinese projects paid dividends here. The project was overseen in Berlin by the capital markets law team including Dr. Hermann Meller and Dr. Benjamin Kroymann, which inter alia drew up the English language prospectus and oversaw the approval procedure with the BaFin (German financial regulator). The Shanghai Salans office, under the direction of the Greater China managing partner Dr. Bernd-Uwe Stucken, was responsible for the due diligence of the Chinese operative companies and for general questions on Chinese law.
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