Lex Africa member Corpus Legal Practitioners advises China Nonferrous Metal Mining Group (CNMC) on its $314 million Initial Public Offering (IPO)
Corpus Legal Practitioners, Zambia’s leading corporate law firm and Lex Africa member , acted for China Nonferrous Metal Mining Group (CNMC) on its $314 million initial public offering (IPO) making it the first foreign mining conglomerate to list a local asset outside Zambia. CNMC successfully listed the first "African stock" on the Hong Kong Stock Exchange on 29 June 2012.
CNMC is a leading vertically integrated Zambian based copper producer, focusing on the mining, ore processing, leaching, smelting and sale of copper and was the largest Chinese enterprise in terms of total overseas copper production in 2011.
Corpus Legal Practitioners was engaged to act as the Zambian legal advisers to CNMC in relation to the whole transaction, including the restructuring of its local assets.