O'Melveny Represents Underwriters in Initial Public Offering of Xinren Aluminum Holdings LimitedNovember 15, 2010
FOR IMMEDIATE RELEASE
O'Melveny & Myers LLP
O'Melveny & Myers LLP
SINGAPORE ─ NOVEMBER 15, 2010 ─ O’Melveny & Myers LLP recently represented DBS Bank and The Royal Bank of Scotland NV, Singapore Branch as joint global coordinators, joint bookrunners, joint issue managers and joint underwriters in the initial public offering of XinRen Aluminum Holdings Limited (MN5.SI) on the main board of the Singapore Stock Exchange (SGX).
The O’Melveny team was led from its Singapore office by partner David Makarechian and counsel Andrew Hutton. The IPO was staffed with several of the firm’s native Chinese associates and legal consultants (from both its Singapore and PRC offices).
“We were delighted to take part in this transaction,” said Makarechian, “and we continue to see a strong pipeline of capital markets work in our Singapore office, including not just listings on the Singapore exchange but also 144A/Reg S equity and debt transactions. It is a very exciting time for us.”
XinRen Aluminum Holdings Limited is a privately owned producer of primary aluminum in the PRC. It is principally engaged in the smelting and sale of primary aluminum in the form of ingots and plates. The company intends to use the proceeds from the IPO to increase the capacity of its plant in China, for acquisitions and strategic investments, and for working capital needs.
About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession.
About O’Melveny & Myers LLP Asia Practice
O'Melveny began its practice in Asia nearly 25 years ago, and over this time we have become one of the most respected and full service legal service providers in the region. The firm maintains large offices in the most important political and commercial centers of Beijing, Shanghai, Hong Kong, Singapore, and Tokyo. Most of our lawyers are native to the region, understand the local law and business practices, speak the local languages and, most importantly, function as an integrated team that taps the firm's vast resources in Asia and globally, delivering value and expediency to its clients. The China practice is widely and frequently recognized as one of the strongest on the market. The Japan practice has been recommended by The Legal 500 and Chambers Global for corporate, mergers and acquisitions, and dispute resolution work. Our newest office in Singapore, opened in 2008, has grown rapidly and is a hub for corporate, finance and private equity work for the entire South and Southeast Asia region.
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