Caixin
Sep 09, 2022 02:28 PM
FINANCE

UBS Wins Mandates for Two Chinese Listings in Zurich

Signage outside a UBS Group bank branch in Geneva, Switzerland, on July 25. Photo: Bloomberg
Signage outside a UBS Group bank branch in Geneva, Switzerland, on July 25. Photo: Bloomberg

(Bloomberg) — UBS Group AG has been selected to arrange the Swiss share sales of two Chinese companies, people familiar with the matter said, as a flurry of firms are capitalizing on an expanded link between stock exchanges in China and Europe.

Shanghai Jinjiang International Hotels Co. is working with UBS for its global depositary receipts issuance in Zurich, which could raise at least $500 million, said the people, who asked not to be identified discussing non-public information. UBS is also advising Shenzhen-listed Jiangsu Eastern Shenghong Co. on its GDR sale in Switzerland, the people said, adding that CLSA Ltd. is on the deal as well.

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