Guantao advises CCCC on its $1.5 billion perpetual securities issuance

Guantao Law Firm has advised China Communications Construction Company (CCCC) on its $1.5 billion perpetual securities issuance on the Hong Kong Stock Exchange, with Allen & Overy advising the joint lead managers and joint bookrunners Credit Suisse, HSBC, BOCOM International, CLSA, Huatai Financial, SMBC Nikko and Standard Chartered Bank.

CCCC is a majority state-owned, publicly-traded, multinational engineering and construction company primarily engaged in the design, construction and operation of infrastructure assets. Its H shares were listed on the main board of HKEX on 15 December 2006. The company is the first large state-owned transportation infrastructure group entering the overseas capital market.

Guantao team was led by partner Zhongye Chen, and the A&O team led by partner Agnes Tsang.