Paul Hastings Advises Citi and Deutsche Bank on China Vanadium Titano-Magnetite Mining Companys HK$2.1 Billion IPO

October 08, 2009

Hong Kong (October 8, 2009) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Citigroup Global Markets Asia Limited (Citi) and Deutsche Bank AG, Hong Kong Branch (Deutsche Bank) as bookrunners and joint lead managers on the successful HK$2.1 billion (approximately US$265 million) IPO of China Vanadium Titano-Magnetite Mining Company Limited (China Vanadium) which comprised a Hong Kong public offer and an international offering, including a placement under Reg S/Rule 144A.

Based in Sichuan Province, China Vanadium is the largest non-state-owned operator of iron ore mining operations, in terms of output volume, in the province.

Sammy Li, a partner in the Paul Hastings capital markets practice in Hong Kong, commented: We are delighted to have advised Citi and Deutsche Bank, two of the firms important clients, on this successful Hong Kong IPO. This transaction highlights our strength in this particular sector, as we have previously advised on a series of successful IPOs in the energy and mining sectors.

Raymond Li, also a partner in the Paul Hastings capital markets practice in Hong Kong and chair of the firms Greater China practice, who led the transaction, commented: We are delighted to have completed yet another major Hong Kong IPO. Despite challenging market conditions, our capital markets practice has successfully closed a series of significant transactions over the last three months. In addition to this recent transaction, we recently closed successful IPOs for BBMG and Glorious Property as well as several top-up placements.

Hong Kong capital markets associates Chloe Wang and Catherine Chu also worked on the transaction. The U.S. capital markets team on the transaction was led by partner David Grimm and Julie Tuan.

Paul, Hastings, Janofsky & Walker is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.