FOR IMMEDIATE RELEASE
HONG KONG—February 13, 2026—O’Melveny represented Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (“Shenzhen Woer”, 9981.HK) in its listing on the Main Board of the Hong Kong Stock Exchange. The offering size was approximately HK$2.84 billion (approximately US$363 million) following the full exercise of the offer size adjustment option prior to the listing. O’Melveny advised the company on Hong Kong and U.S. laws. China Securities (International) Corporate Finance Company Limited and China Merchants Securities (HK) Co., Limited acted as the joint sponsors and overall coordinators for the transaction.
Established in 1998 and listed on the Shenzhen Stock Exchange (stock code: 002130) in 2007, Shenzhen Woer is a global leader in the heat-shrinkable materials industry, with the largest market share worldwide at approximately 20.6%. In 2024, it ranked fifth globally in telecom cable manufacturing and is the second largest, as well as China’s largest, high-speed copper cable manufacturer by global revenue.
The company has a diverse product portfolio, including electronic materials products and telecoms cable products widely used in IT infrastructure, and power transmission products for new energy vehicles, power grids and power stations, and rail transportation.
This transaction marks O’Melveny’s fourth listing transaction completed in the new energy and advanced material sector within the past year. In 2025, the firm advised on the IPOs and Hong Kong Stock Exchange listings of Drinda New Energy, Shuangdeng Group and CNGR Advanced Material.
The O’Melveny team was led by partners Ke Zhu, Vincent Wang and Ke Geng. The core team members included associates Jingwei Huang and Cherry Ma, legal manager Rachel Peng, legal consultants Jie Lian and Xenia Zeng, and trainee solicitor Bianca Cheng. Counsel Jerry Gao, legal manager Belinda Zhu, trainee solicitor Cheryl Chan and legal consultant intern Ziqian Li also made valuable contributions.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com
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