Cadwalader Advises on Successful Hong Kong Initial Public Offering

HONG KONG, Jan. 23, 2013 /PRNewswire/ -- Cadwalader, Wickersham & Taft LLP ("Cadwalader") and Joseph P.C. Lee & Associates have advised Wison Engineering Services Co. Ltd. ("Wison Engineering") as to United States and Hong Kong law on the completion of its initial public offering and listing in Hong Kong. The deal marks an important broadening of the firm's international capital markets offering, which expanded in 2012 with the addition of three seasoned partners and a team of associates with deep experience in Asia.

Joseph Lee and David Neuville, based in Hong Kong, served as the lead attorneys advising on the transaction, which closed on December 28, 2012, and raised approximately HK$1.67 billion (US$216 million). The underwriters' overallotment option was partially exercised and closed on January 22,2013, bringing the total amount of funds raised to approximately HK$1.85 billion (US$240 million).

"We are delighted to have brought Wison Engineering to the public capital markets during what proved to be a slow year for equity capital raisings in Hong Kong," said Joseph Lee. "This is a milestone event for Cadwalader."

Lee and Neuville joined Cadwalader along with Jeffrey Maddox in May 2012. The trio had worked together on a number of cross-border debt and equity transactions, including IPOs, before joining Cadwalader. Lee established Joseph P.C. Lee and Associates, a local Hong Kong law firm, which has entered into an association with Cadwalader in accordance with Hong Kong law. The three have been based in Hong Kong for an average of over 15 years each.

"It is extremely gratifying to have been involved in this transaction, which has special significance for the firm as well as for the local capital markets," said David Neuville. "Cadwalader's investment in this office signifies how important it considers Hong Kong as a capital raising destination in the near and longer term. A successful IPO like this one will hopefully bring some life back into the local markets and bode well for 2013."

About Cadwalader, Wickersham & Taft LLP

Cadwalader, Wickersham & Taft LLP, established in 1792, is one of the world's leading international law firms, with offices in New York, London, Charlotte, Washington, Houston, Beijing, Hong Kong and Brussels. Cadwalader serves a diverse client base, including many of the world's top financial institutions and corporations, undertaking business in more than 50 countries. The firm offers legal expertise in antitrust, banking, business fraud, corporate finance, corporate governance, energy, environmental, financial restructuring, healthcare, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, and tax. More information about Cadwalader can be found at www.cadwalader.com.

Contacts:
Adam Segall +1 212 504 6492
adam.segall@cwt.com

Daniel Del Re +852 3768 4547
daniel.delre@fticonsulting.com