Cases & Deals

Newton Resources completes IPO of HK$1.75 billion new shares

Clients Newton Resources Ltd.

Jones Day advised Newton Resources Ltd., a China-based iron ore mine operator, in connection with its issuance of 800,000,000 new shares and sale of 200,000,000 old shares by an existing shareholder in a HK$1.75 billion (US$225 million) initial public offering on the Hong Kong Stock Exchange, underwritten by Citigroup Global Markets Asia Limited, Macquarie Capital Securities Limited, BOCOM International Securities Limited, and VMS Securities Limited. Citigroup Global Markets Asia Limited, Macquarie Capital Securities Limited, and Rothschild (Hong Kong) Limited, acted as sponsors.

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