Herbert Smith's China energy team has advised Sinopec International Petroleum Exploration & Production Corporation ("SIPC") on the subscription through its subsidiary for additional shares in Australia Pacific LNG Pty Ltd for a net consideration of approximately US$1.1 billion, which on completion will raise Sinopec’s ownership interest from 15% to 25%. ConocoPhillips’ and Origin Energy’s respective ownership interests will be reduced to 37.5%.

International law firm Freshfields Bruckhaus Deringer has advised Shui On Land Limited, a Hong Kong-listed leading property developer, on its international offering of S$250million in Singapore Dollar-denominated notes to institutional investors in Asia. The notes are issued by Shui On Development (Singapore) Pte. Ltd., an indirect wholly owned subsidiary of Shui On Land Limited.

International legal practice Norton Rose Group is advising The Hongkong and Shanghai Banking Corporation Limited (HSBC) on the sale of its retail banking and wealth management business in Thailand to Bank of Ayudhya Public Company Limited (BAY).

Davis Polk advised CITIC Securities Corporate Finance (HK) Limited (CITIC) on the $473.2 million rights offering of China Communications Services Corporation Limited. The rights offering consisted of a public offering of H shares (shares listed on the Hong Kong Stock Exchange) and a public offering of domestic shares (unlisted shares) in the PRC. CITIC was the sole bookrunner and underwriter of the rights offering.