Bird & Bird acts on AIM float of Chinese technology business

30 June 2006

International law firm Bird & Bird has been advising Daniel Stewart & Co plc as NOMAD on the admission of Financial Payment Systems Ltd (“FPS”) to the AIM Market. The placing raised £5 million for FPS.

FPS is the Jersey registered holding company of the FPS Group, which is engaged in the development, integration and management of an electronic payment approval and authorisation system to be deployed within the Jiangsu province of China. With the second largest and fastest growing GDP of China’s 34 provinces, Jiangsu is a significant market for the FPS Group.
A team of UK and PRC based Bird & Bird lawyers advised Daniel Stewart. Corporate partner Matt Dennis led the team from London with assistance from corporate assistant David Lowe. Lawyers at the firm’s Hong Kong and Beijing offices also worked on this deal, with corporate partner Julian Courtney Stubbs in the lead with corporate assistants Helen Gavin-Brown and Guohua Zhang.

Bird & Bird has advised a number of non-UK companies wishing to be admitted to AIM including advising the companies or NOMADs of the first ever Swedish, Dutch and Italian AIM admissions for companies XCounter, Bateman Engineering and Teleunit respectively.

Hammonds acted for FPS.

For more information on this please contact Natalie Arestis, PR Manager on 020 7905 6248 or natalia.arestis@twobirds.com.


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Notes to Editors

About Bird & Bird

Bird & Bird is a full service international commercial law firm with an in-depth knowledge of chosen industry sectors. We focus on aviation & aerospace, communications, banking & financial services, e-commerce, information technology, life sciences, media and sport.

With offices in Beijing, Brussels, Düsseldorf, Frankfurt, The Hague, Hong Kong, London, Lyon, Madrid, Milan, Munich, Paris, Rome and Stockholm, we offer our clients local expertise within a global context helping them to realise their business goals both domestically and internationally.

Bird & Bird was identified as one of the Top 50 Law Firms in the world that has “taken the greatest strides towards globalisation while maintaining quality”, in a recent survey carried out by researchers for the PLCWhich Lawyer? Yearbook.

For more information on Bird & Bird please go to www.twobirds.com.