“PCK is one of the most impressive and respected steel pipe manufacturers in the world. In recent years, and in line with the PRC economy, the company has experienced incredible growth and we are delighted to involved with the sponsorship of the company’s IPO and to assist in the next phase of PCK’s growth.”

-- Ambrose Lam
Principal Director
Access Capital Limited

GMAAG Firm Member, Access Capital Limited, Advises China’s Largest Steel Pipe Manufacturer In US$134 Million IPODate: 02-10-2010

Access Capital Limited is pleased to announce that it acted as Joint Sponsor in the International Public Offering (“IPO”) of Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (“PCK”), a company listed on the Main Board of The Hong Kong Stock Exchange (Stock code: 1938). The IPO was successfully completed on 10 February 2010. ICBC International also acted as Joint Sponsor and together with JP Morgan, acted as joint bookrunners to the IPO.

PCK is the PRC’s largest manufacturer by production volume of longitudinal submerged arc welded steel pipes (also known as LSAW steel pipes) which are formed by utilizing submerged arc welding technology. PCK’s steel pipe products are used in the mass transportation of petroleum and natural gas products. They are also used for infrastructure purposes, such as water, irrigation and sanitation pipes, hollow structural sections for buildings and mechanical pipes in marine engineering projects. PCK serves customers in the PRC and over 50 countries.

In spite of difficult market conditions at the launch of the IPO, the IPO was over-subscribed and raised approximately US$134 million. PCK has a current market capitalization of approximately US$590 million.

PCK’s IPO prospectus is contained in the following web link:

http://www.hkexnews.hk/listedco/listconews/sehk/20100128/LTN20100128009.pdf


Contact details:

Please contact the following GMAAG member if you are interested receiving further information on this transaction:

Ambrose Lam, Principal Director, Access Capital Limited ambrose@accap.com