A raft of law firms have taken advisory roles as West China Cement became the first Chinese issuer to transfer its listing from London to Hong Kong on 23 August 2010. The deal handed roles to West End firm Memery Crystal, US firms Sidley Austin and Orrick Herrington & Sutcliffe and offshore practice Carey Olsen. The initial public offering (IPO) on the Hong Kong Stock Exchange raised 239m US dollars on 23 August 2010, with the London Alternative Investment Market (AIM) delisting effective on the same day.
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