Rockstead Financial Services has been hired as lead arranger by one of its subsidiaries for the planned Australian Securities Exchange (ASX) listing of a mainland China-based communications equipment manufacturer.
The appointment will see Rockstead acting in a principal corporate advisory role for the listing of an undisclosed Chinese company.
Hiring brokers, lawyers and accountants, as well as dealing with the ASX and managing the prospectus will be involved in the mandate.
The hire showed the company was fulfilling its objective of diversifying Rockstead’s operation and business focus, Rockstead managing director Tom Wallace said.
The practice’s parent company, Rockstead Singapore, invested in Rockstead in November last year.
“A key part of the restructured company was the intention to bring to Australian investors, quality and substantive investment opportunities and vehicles from the rapidly expanding Chinese economy,” Wallace said.
The news did not mean the company was moving into the telecommunications market, nor was it acting to underwrite the deal, he said.
Rockstead is also looking at schemes that involve products in infrastructure assets, Asian equities and fixed interest,
“This mandate is the first of what we believe will be a healthy pipeline of investment opportunities based around Asian assets,” Wallace said.
“We are confident this new area of activity will deliver substantial revenue streams for Rockstead going forward.”
