On 18 April 2007, Jiangsu Yangzijiang Shipbuilding Co., Ltd. got listed on the main board of Singapore Stock Exchange (Name of the counter: YANGZIJIANG). The company is the largest Chinese enterprise listed in Singapore Stock Exchange via red-chip listing mode. We fully participated into this project by assisting the Singapore legal advisor to its IPO.

 Yangzijiang offered 993 million shares in total to the investors with 9.9 million shares for local placement and 973 million shares for global placement. The proceeds raised through IPO amounted to SGD 943 million, being the largest Chinese IPO in Singapore Stock Exchange. The Company also issued warrants together with its IPO. At same time, the company exercised its over allotment right and raised another SGD 100 million. As a result, Yangzijiang raised fund of more than SGD 1.1 billion (equivalent to RMB 5.5 billion).