February 10, 2010, Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Limited launched its initial public offering (IPO) of 300,000,000 shares at HKD 4.5 per share for a Hong Kong Stock Exchange main board listing, under the stock code of 001938.HK. The raised funds reached a total of HKD 1.35 billion.

As the largest longitudinal welded pipe manufacturer and exporter in China, Chu Kong Petroleum & Natural Gas Steel Pipe Holdings Limited is operating four pipe mills, namely UOE, JCOE (two mills) and ERW. The company’s steel pipes are widely used by petroleum industry for oil and gas of both onshore and offshore, petrochemical, architecture, urban gas, etc.

Jingtian & Gongcheng represented the issuer in the listing.