On January 14, 2022, JL MAG Rare-Earth Co., Ltd. was successfully listed on the Hong Kong Stock Exchange, raising a total of approximately HK$4.24 billion.

 

CLSA and BNP Paribas Securities acted as joint sponsors of the offering.

 

Herbert Smith Freehills and China Commercial Law Firm provided legal services to the issuer in respect of Hong Kong and US law and PRC law respectively.

 

Allen & Overy and Jingtian & Gongcheng provided legal services to the joint sponsors in respect of Hong Kong and U.S. law and PRC law respectively.

 

Ernst & Young acted as the reporting accountant and independent auditor for the offering.

 

Established in 2008 in Ganzhou, Jiangxi, JL MAG is a company that develops, produces and sells high performance Nd-Fe-B permanent magnet materials.