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Finance Asia's Awards for Achievement recognises the defining deals of 2007.
On 10 December 2007, Finance Asia announced:
"This year’s China country award to Country Garden's Hong Kong IPO recognises one of the most distinctive and successful capital markets trends this year, namely that of Chinese real estate. The deal statistics of this groundbreaking IPO are naturally impressive with Hong Kong retail investors submitting orders worth US$42 billion - at the time the second-most popular retail offering on record after Industrial and Commercial Bank of China (ICBC). A good company, good execution and good after-market performance make this deal a worthy winner."
Lovells was noted for its role advising joint sponsors Morgan Stanley and UBS on what remains the largest ever initial public offering by a Chinese real estate developer.
The Lovells team advising on the Country Garden transaction was led by Hong Kong-based partner Jamie Barr, and included senior associate James Fong and members of Lovells' US securities team, including partner Katherine Mulherne and consultant Thomas Tarala.
Over the course of 2007 Lovells has advised on four significant Hong Kong IPOs with a total value of over US$3.25 billion. The announcement concludes what has been a tremendously successful 25th anniversary year for Lovells in Asia. The firm was shortlisted for 15 awards and won 11 awards in the region in 2007.