Keng-Wen Lin
January 24, 2026
Simpson Thacher Represents Initial Purchasers in US$129.2 Million Offering of Global Depositary Shares by China Petrochemical Development Corporation
1 min
AI-made summary
- Yuanta Securities (Hong Kong) Co
- Ltd
- and Yuanta Securities Co., Ltd
- Offshore Securities Unit acted as initial purchasers and joint bookrunners in a US$129.2 million global depositary shares offering by China Petrochemical Development Corporation (CPDC)
- The offering was conducted under Regulation S of the Securities Act of 1933
- CPDC is a Taiwan-based manufacturer of caprolactam and acrylonitrile, with shares listed on the Taiwan Stock Exchange
- Simpson Thacher advised on the transaction.
The Firm recently represented the initial purchasers, Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit, in connection with the US$129.2 million offering of global depositary shares by China Petrochemical Development Corporation (“CPDC”). The offering was led by Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit as joint bookrunners, and conducted in reliance upon Regulation S under the Securities Act of 1933.~~CPDC is a leading manufacturer of caprolactam and acrylonitrile based in Taiwan, and its shares are listed on the Taiwan Stock Exchange.~~The Simpson Thacher team for the transaction included Chris Lin, Howie Farn and Keng-Wen Lin (Hong Kong Corporate).
Article Author
Keng-Wen Lin
The Sponsor