Lumena Resources has launched a US$149 million initial public offering (IPO) on the Hong Kong Stock Exchange. It is the second largest IPO in Hong Kong this year.
Lumena, the world’s second largest producer of thenardite, was advised by Milbank Tweed Hadley & McCloy, with Hong Kong counsel from Li & Partners and Grandall Legal Group on PRC law.
Lumena was also advised by and Appleby on Cayman/BVI law. The joint global coordinators were advised by Shearman & Sterling as to US law, Mallesons Stephen Jaques on Hong Kong aspects and Jun He Law Offices as to PRC law.
The joint global coordinators of the offering were Credit Suisse, BOC International and Macquarie Capital. The offering included Rule 144A, Regulation S and Hong Kong tranches.
Milbank also concurrently advised Lumena on the restructuring of its $100 million secured pre- IPO loan