Hong Kong, 23 December 2006 – LAWFUEL – Legal News – Law Jobs…

Hong Kong, 23 December 2006 – LAWFUEL – Legal News – Law Jobs – Baker & McKenzie’s securities team in Hong Kong and Beijing recently advised China Coal Energy Company Limited, as Hong Kong and US law counsel, on its US$1.69 billion (HK$13.15 billion before exercise of the over-allotment option) global offering. The H-shares will commence trading on the Hong Kong Stock Exchange on 19 December 2006.

China Coal Energy is the second largest coal enterprise in China based on its 2005 revenue and also one of the largest coal suppliers in China. Its parent company, ChinaCoal Group, is the largest coal exporter in China. China Coal Energy is an integrated coal enterprise with coal production, sales and trading as its core business. Besides, it operates one of China’s largest coking operations not affiliated with a steelmaker and also owns China’s largest coal mining equipment manufacturing operations in terms of revenue.

The Baker & McKenzie team was led by partners Jackie Lo and Allen Shyu. The team had lead responsibility for legal documentation, drafting of the offer documentation, regulatory issues, liaison and clearances with the Hong Kong Stock Exchange, and general transaction management.

Commenting on the deal, Jackie Lo said, “We are delighted to have acted for China Coal Energy on its global offering. Its integrated coal and mining operations complement each other and position the company competitively to meet the growing energy and natural resources demand domestically. Equally, our involvement in this high profile IPO transaction fortifies our leading position in the areas of listings and fund raisings on the Hong Kong Stock Exchange by major Chinese energy and resources companies, having acted on earlier offerings by industry leaders like China Shenhua, Chalco and Yanzhou Coal.”

China International Capital Corporation Limited, Citigroup Global Markets Asia Limited and Morgan Stanley Dean Witter Asia Limited acted as the joint global coordinators and joint bookrunners of the global offering.

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