QINGDAO Brewery, one of the mainland's nine listing hopefuls, has decided on the professionals necessary to help its listing in Hongkong. A member of the company's shareholding restructuring team said in Qingdao yesterday that the firms had been notified last week. China Development Finance and Co (Hongkong), the investment banking arm of the Bank of China, has been named sponsor of the Hongkong flotation and underwriter for the international share issue. Goldman Sachs (Asia) will be the other underwriter for the international issue, while Shanghai Shenyin Securities will be the lead underwriter for Qingdao's A share issue on the mainland. Arthur Andersen is to help bring the brewery's accounts up to international standard for listing in the territory and transform it into a joint-stock company. Mainland-based China Consultant of Accounting and Financial Management and Sallmanns Far East of Britain will value the assets. Baker & McKenzie and Sullivan & Cromwell will be primary counsel for the brewery, while Slaughter and May will be primary counsel for the underwriters. The Qingdao official said the list would have to be approved by Beijing's securities regulator. He said the company was confident that it would list in Hongkong by June, although there were numerous jobs ahead. The official said the audited accounts of the company as at December 31, 1992, would be valid for only six months. This meant that a listing after June would require a re-audit of the company's accounts by its accountancy firm, Arthur Andersen. It is understood that the first draft of the company's prospectus has been worked out. The 90-year-old beer producer, known for its Tsingtao label, is tipped to be the first mainland company to list in Hongkong because of its simple business structure.