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Mayer Brown JSM advises BOCI Asia on Asiaray’s global offering on the Hong Kong Stock Exchange

15 January 2015
Mayer Brown advised BOCI Asia as the sole sponsor, sole global coordinator, sole bookrunner and sole lead manager on the HK$660 million Asiaray global offering and listing on the Hong Kong Stock Exchange.

Founded in 1993 in Hong Kong, Asiaray is now a leading out-of-home media company with a strategic focus on airport and metro line advertising in the PRC, including Hong Kong. It is one of the two out-of-home media resources companies operating in the metro lines in Hong Kong.

A recent Frost & Sullivan Report said Asiaray ranked first in Greater China in 2013 among privately-owned media companies in terms of revenue from, and number of airports with exclusive concession rights to mainstream media resources, and third in terms of revenue from, and number of metro lines with exclusive rights to mainstream media resources.

According to the prospectus of Asiaray, proceeds from the global offering will be used, among other matters, to expand media resources at airports and metro lines.

The Mayer Brown team was led by Corporate and Securities partner Billy Au, he said: “I believe Hong Kong’s IPO market will remain active and keep a steady growth in 2015 and the Shanghai-Hong Kong Stock Connect will provide further incentives to investors.”

Other team members included senior associate Jeremy Hsu and associate Sally Lam in Hong Kong and associate Jenny Yang in Beijing.

Media Contact

  • John D. Tuerck
    Director of Public Relations
    T +1 312 701 8280

Related Information

  • Related People
    Billy K. M. Au
    T +852 2843 2254
    Jeremy C. Y. Hsu
    T +852 2843 5148
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