24 December 2009 – LawFuel.com – Slaughter and May advised on the US$3.1 billion initial public offering and listing of the H Shares of China Pacific Insurance (Group) Co., Ltd. on the Main Board of the Hong Kong Stock Exchange. Slaughter and May acted as Hong Kong legal counsel to the sole global coordinator, UBS, the joint bookrunners, joint sponsors and joint lead managers, UBS, Credit Suisse, CICC and Goldman Sachs and the Hong Kong underwriters.
China Pacific Insurance is a leading composite insurance group in the PRC, providing life and property and casualty insurance products and services to individual and institutional customers throughout the PRC. China Pacific Insurance ranked third in the PRC life insurance market and property & casualty market in 2009. China Pacific (Group) Co. Ltd. was listed on the Hong Kong Stock Exchange on 23 December 2009. Its A shares are already listed on the Shanghai Stock Exchange.