The H shares are listed on the Hong Kong Stock Exchange 

Davis Polk advised the underwriters in connection with the H share rights issue of Zhejiang Expressway Co., Ltd. and listing of the H rights shares on the Hong Kong Stock Exchange. The gross proceeds of the rights issue were approximately $860 million (RMB6.15 billion).

Zhejiang Expressway is an infrastructure company principally engaged in investing in, developing and operating expressways and high-grade roads in the PRC. Its shares are listed on the Main Board of HKEX.

The Davis Polk corporate team included partners James C. Lin and Yang Chu, counsel – registered foreign lawyer Kevin Zhang, counsel Jennifer Ng, associates Calvin Lam and Michelle Chow and registered foreign lawyer Jerry Wu. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in Hong Kong and London offices. 

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