Deacons acted for Xingda International Holdings Limited in its Main Board listing 21 December 2006 Xingda International, the largest PRC-based producer of radial tire cords in terms of production volume based in Jiangsu, offered 386 million shares and raised over HK$1.18 billion in its listing on the Main Board. Goldman Sachs was the sponsor and global coordinator of this global offering and its private equity arm was one of the investors of the company. Other investors of the company included Government of Singapore Investment Corporation (Venires) Pte Ltd and the family trust of Mr. Lee Shau Kee. The share offer was well received, with the public offer tranche over-subscribed by more than 99 times. Trading commenced on 21 December. Deacons acted as the Hong Kong legal adviser to Xingda International in this IPO.