August 22, 2008
FOR IMMEDIATE RELEASE
'
Washington DC and Shanghai -- A Thelen team from Washington, D.C. and Shanghai has just taken another China-based company public in the United States.
Thelen’s client, Daqing Longheda, is a leading producer of premium specialty fruit based products in China, processing high value specialty fruits into various product forms including concentrates, nectar, and glazed fruits. Although the company, and even some of the fruits, are unknown in the United States, Longheda is a household name in the People’s Republic of China.
Thelen’s team for Longheda included Tom Shoesmith and Qiaozhu Chen in the Shanghai office, and Lou Bevilacqua, Jing Zhang, Andrea Schroepfer, and Natasha Christenson in the DC office. The attorneys are part of a multi-office team of more than 25 lawyers and PRC legal professionals who work in this area as well as in representing U.S. and European multinationals in their China-bound investments.
“The integration of Thelen’s international practice across multiple offices continues to be a major strength of our firm,” said Mr. Shoesmith, the managing partner of the Shanghai office.
Partner Lou Bevilacqua, one of the group’s leaders, points out that, when it comes to China-based companies, “Thelen’s team includes more than 15 bi-lingual professionals. Our ability to operate seamlessly in both Mandarin and English, whether in communications with clients or review and production of transaction documents, makes us one of only a few law firms in the country that can comprehensively serve clients in this area.”
Thelen represents more than 30 China-based companies that have gone public, or are going public, in the United States, including six listed on the NASDAQ and a seventh on the New York Stock Exchange. Small and medium-sized enterprises (SMEs) are one of the engines of China’s growth with many of them posting year-over-year increases in revenue and net income of 50 to 100 percent.
However, there is very little liquidity in China’s private debt and equity markets (venture capital, private equity, and bank loans), and the Chinese stock exchanges are almost closed to middle-market companies. As a result, high-growth Chinese companies are forced to look to the international capital markets to fund their expansion.
Thelen has established a leading position among U.S. law firms in helping Chinese and other international companies access the deep liquidity available in the U.S. public debt and equity markets.
Thelen’s team recently added a senior U.S. securities counsel, Woon-Wah Siu, and a U.S. securities associate, Henry Su, to the group based in the Shanghai office.
Members of the team in the DC office, supported by other offices, continue to bring new companies to the market and help our existing clients obtain second, third, and further round financings, including by way of registered direct offerings and placements of debt.
For more information, contact:
Kevin Livingston
National Manager of Public Relations
Thelen LLP
415.369.7224
klivingston@thelen.com
About Thelen
Thelen is an international Am Law 100 law firm is widely known for its premier practices in the areas of Construction; Corporate/Finance; Energy; and Complex Litigation. Other premier practice areas of the firm include Real Estate, Labor and Employment, Intellectual Property, Bankruptcy, Domestic and International Tax, and Employee Benefits.
Hartford Los Angeles New York Northern NJ San Francisco Shanghai Silicon Valley Washington, DC
Affiliated Sites
www.constructionweblinks.com |
www.technologylawupdate.com |
www.climatelawupdate.com
Copyright ©
