Global law firm Ashurst Perkins Coie has advised Oaktree Capital Management, L.P. (“Oaktree Capital”) on its US$50 million equity investment as cornerstone investor in the initial public offering of H shares by Zhongji Innolight Co., Ltd. (“Zhongji Innolight”) on the Main Board of The Stock Exchange of Hong Kong Limited. The offering is Asia’s second-largest listing of 2026 and Hong Kong’s biggest share sale in nearly seven years.
Oaktree Capital is a leading global alternative investment management firm, with expertise across a range of credit, private equity, real assets and listed equities strategies. Oaktree Capital’s cornerstone commitment in Zhongji Innolight reflects its continued interest in identifying attractive investment opportunities in the Asia-Pacific region.
Frank Bi, Partner and Asia Head of Corporate, commented: “We were pleased to help Oaktree Capital work towards a successful outcome on this cornerstone investment. The engagement reflects our continued equity capital markets experience across Hong Kong, and we valued the opportunity to support Oaktree Capital on this transaction.”
The Ashurst Perkins Coie team was led by partner Frank Bi, with support from Christy Li and Steve Sun.
