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CCBI as the financial adviser of CNNC Overseas Listing

2008-06-01

CCB International (“CCBI”) as the financial adviser of CNNC Overseas Uranium Holdings Limited (“CNNC Overseas”) in the acquisition of a controlling interest in United Metals Holdings Limited (“United Metals”), a listed company on the HKEx's Main Board. CCBI, as the financial adviser of CNNC Overseas in the acquisition of a controlling interest in United Metals, a listed company on the HKEx's Main board, was responsible for assisting CNNC Overseas in the acquisition of a 75% controlling interest in United Metals through acquiring part of the issued shares of United Metals from its existing substantial shareholder, and subscribing new shares and convertible bonds from United Metals. In addition to providing financial consultancy services including indentifying target company, undergoing negotiations with the target company on the structure, terms and conditions of the acquisition on behalf of CNNC Overseas and devising a comprehensive plan and management for the acquisition, CCBI also provided a financing service for CNNC Overseas in raising a facility of up to HK$180 million as funding for full acceptance of the possible offer. The acquisition is pending for approval. The acquisition is the first leading example for a State-owned enterprise to acquire the controlling interest of a Hong Kong listed company in the past few years. CCBI fully displayed its experience and capability in investment banking and capital market financing operations in providing comprehensive financial services for its clients through this acquisition project. The deal also underlined the strength of CCBI as a diversified one-stop financial institution.

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