Slaughter and May advised Haitong, DBS and other underwriters on the global offering and listing of Beijing Enterprises Urban Resources Group Limited on the Hong Kong Stock Exchange

Slaughter and May, Hong Kong, advised the underwriters as to Hong Kong and U.S. laws on the global offering and listing of Beijing Enterprises Urban Resources Group Limited (BEURG) on the Main Board of the Hong Kong Stock Exchange (HKSE), raising approximately HK$621 million (approximately US$80 million) (before the exercise of the over-allotment option). Haitong International Capital Limited and DBS Asia Capital Limited acted as joint sponsors and Haitong International Securities Company Limited and DBS Asia Capital Limited acted as joint global coordinators.

BEURG is an integrated waste management solution provider in China, currently focusing on providing environmental hygiene services and hazardous waste treatment services. In 2018, it was the fourth largest enterprise provider, and the third largest non-state owned provider, of environmental hygiene services in China in terms of revenue. The single largest shareholder of BEURG is Beijing Enterprises Water Group Limited (also listed on HKSE), which is in turn controlled by the state-owned Beijing Enterprises Holdings Limited (also listed on HKSE).

Dealings in the shares of BEURG commenced on the Hong Kong Stock Exchange on 15 January 2020.

Peter Brien Partner
Clara Choi Partner
John Moore Partner
Charlton Tse Partner
Jianhao Zheng Counsel
Edward Lau Associate
Clare Tsang Associate