A PRC companys privatisation and simultaneous Hong
Kong listing by introduction could pave the way for more
Chinese companies taking a similar approach.
Guangzhou Automobile Groups (GAC) listing was effected
simultaneously with the privatisation of Denway Motors, by way
of a scheme of arrangement.
The deal, a first of its kind in Hong Kong, was structured
to take into account both GAC and Denways joint ventures
with other companies. It could be used as a template for firms
wishing to tap the H-share market.
Kay Ian Ng, managing partner of Freshfields in Hong