Chemspec International Limited Announces Pricing of Initial Public Offering of its...

Chemspec International Limited Announces Pricing of Initial Public Offering of
its American Depositary Shares

SHANGHAI and NEW YORK, June 24 /PRNewswire-Asia/ -- Chemspec International
Limited (NYSE: CPC) ("Chemspec") today announced the pricing of its initial
public offering of 8,087,000 American Depositary Shares (ADSs), each of which
represents 60 ordinary shares of Chemspec, at $9 per ADS. Chemspec is
offering 6,328,000 ADSs and the selling shareholders are offering 1,759,000
ADSs in the offering. The underwriters have a 30-day option to purchase up to
an additional 97,000 ADSs from Chemspec and 1,116,000 ADSs from the selling
shareholders to cover over-allotments.
The ADSs will begin trading on the New York Stock Exchange today, June 24,
2009, under the ticker symbol "CPC."
Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are
the Joint Bookrunners of the offering. Oppenheimer & Co. Inc. and Piper
Jaffray & Co. are also underwriters of the offering.
A registration statement relating to these securities has been declared
effective by the United States Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an offer to
buy the securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering of the securities is being made only by means of a written
prospectus forming a part of the effective registration statement. A copy of
the prospectus relating to the offering may be obtained by contacting Credit
Suisse Securities (USA) LLC, Prospectus Department at Eleven Madison Avenue,
New York, New York 10010-3629, USA; telephone number: 1-800-221-1037; or
Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th
Floor, Brooklyn, New York 11220, USA; telephone number: 1-800-831-9146.
About Chemspec International Limited
Chemspec is a leading China-based contract manufacturer of highly
engineered specialty chemicals and the largest manufacturer of fluorinated
specialty chemicals in China based on sales. In manufacturing specialty
chemicals, Chemspec also provides process design and process development
services, which enable efficient and rapid production of specialty chemicals
that are incorporated into the products of Chemspec's end users. Chemspec's
customers and end users include electronics, pharmaceutical and agrochemical
companies.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve a
number of risks and uncertainties that could cause actual results, performance
or achievements to be materially different from any future results,
performance or achievements expressed or implied by these forward-looking
statements. Further information regarding these and other risks is included in
Chemspec's filings with the U.S. Securities and Exchange Commission, including
its registration statement on Form F-1, as amended from time to time. Chemspec
does not undertake any obligation to update any forward-looking statement as a
result of new information, future events or otherwise, except as required
under applicable law.
For further information, please contact:

Christensen

In New York
Kathy Li
Tel: +1-212-618-1978
Email: kli@christensenir.com

In Hong Kong
Tip Fleming
Tel: +852-9212-0684
Email: tfleming@christensenir.com

SOURCE Chemspec International Limited

In New York, Kathy Li, +1-212-618-1978, kli@christensenir.com, or In Hong
Kong, Tip Fleming, +852-9212-0684, tfleming@christensenir.com, both of
Christensen, for Chemspec International Limited