Smith & Williamson Corporate Finance Limited has acted for the largest Chinese business to list on AIM.

Smith & Williamson Corporate Finance Limited is pleased to announce that its client Green Dragon Gas Ltd. has begun trading on AIM. To date, the company is one of the largest Chinese business to list on AIM.

Smith & Williamson Corporate Finance Limited acts as nominated adviser and broker to Green Dragon Gas Ltd., a pure coal bed methane company which has five production sharing contracts in joint venture with the China United Coal Bed Methane Corporation Limited, a corporation ultimately owned by the Chinese state.

Green Dragon Gas Ltd. was marketed to a wide range of institutional and other investors in the UK, US, Continental Europe, Middle East and the Far East and raised $25.1m. It was admitted to trading on AIM on 17 August 2006 with an initial market capitalisation of $525m.

Azhic Basirov, director of corporate finance, who led the transaction, said: "We're delighted to have acted for Green Dragon Gas. The company controls significant acreage in three Chinese provinces and aims to be the leading provider of environmentally friendly gas resources through the commercial development of China's vast coal bed methane reserves."

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

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Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group operates from offices in London, Belfast, Bristol, Dublin, Glasgow, Guildford, Maidstone, Salisbury, Southampton and Worcester. 

Smith & Williamson Limited

Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms. 

Smith & Williamson Corporate Finance Limited

A member of M&A International Inc. Authorised and regulated by the Financial Services Authority.  A member of the London Stock Exchange.