Acted as Cayman Islands counsel to 360 DigiTech, Inc. ("360 DigiTech") in relation to its global offering of 5,540,000 ordinary shares and secondary listing on the Hong Kong Stock Exchange. 360 DigiTech has been listed on the Nasdaq Global Select Market since December 2018, and is a Credit-Tech platform in China that provides a comprehensive suite of technology services, with 360 Jietiao app as its primary user interface. The offering, which closed on 29 November 2022, raised approximately HK$277.2 million (approximately US$35.5 million). The Maples team comprised partner Richard Spooner and associate Vivian Lee. 360 DigiTech was also advised by Skadden, Arps, Slate, Meagher & Flom and affiliates as to Hong Kong and US laws, and by Commerce & Finance Law Officesas to PRC law. The joint sponsors, Citigroup Global Markets Asia Limited and China International Capital Corporation Hong Kong Securities Limited, and the underwriters were advised by Kirkland & Ellis as to Hong Kong and US laws, and by Jingtian & Gongcheng as to PRC law.
PRESS RELEASE
17 January 2023
360 Digitech, Inc. – Secondary Listing – Closed On 29 November 2022
Maples Group
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Acted as Cayman Islands counsel to 360 DigiTech, Inc. ("360 DigiTech") in relation to its global offering of 5,540,000 ordinary shares and secondary listing on the Hong Kong Stock Exchange.