Firm Represents Underwriters in HTSC’s US$5 Billion Hong Kong IPO

The Hong Kong office of the Firm represented the underwriters in the initial public offering in Hong Kong and Rule 144A/Regulation S offering by HTSC, a joint stock limited liability company established in the PRC under the Chinese corporate name 华泰证券股份有限公司 and carrying on business in Hong Kong as HTSC (“HTSC”). HTSC offered and sold an aggregate of 1,562,768,800 H shares after exercise of the over-allotment option, which raised approximately HK$38.8 billion (US$5 billion) in gross proceeds. The H shares of HTSC are listed on the Hong Kong Stock Exchange. Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan and UBS acted as joint sponsors; Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan, UBS, ICBCI, BNP Paribas and CMS acted as jointed global coordinators, joint bookrunners and joint lead managers; and Credit Suisse, Morgan Stanley, Goldman Sachs, Citigroup, Deutsche Bank, Nomura, ABCI, CCBI, GF Securities and Industrial Securities acted as joint bookrunners and joint lead managers. This is the largest IPO globally this year to date.

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Bluestar Issues US$1 Billion Senior Guaranteed Notes

Paul Hastings LLP, a leading global law firm, announced today that the firm represented China National Bluestar (Group) Co, Ltd. (“Bluestar”) in the issuance by Bluestar Finance Holdings Limited of its US$500 million 3.5% Senior Guaranteed Notes due 2018 and its US$500 million 4.375% Senior Guaranteed Notes due 2020 guaranteed by Bluestar. The Notes are listed on the Hong Kong Stock Exchange.

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Deacons advises JAC Capital on the US $1.8 billion acquisition of NXP Semiconductors’ power amplifier business

Deacons recently advised JAC Capital, a subsidiary of JIC Capital – a Chinese state-owned investment company, on a US $1.8 billion acquisition of NXP Semiconductors’ power amplifier business. To date, the transaction is one of the largest outbound technology deals of 2015.

NXP Semiconductors’ business is primarily focused on supplying the mobile communications base station market, but has potential future growth applications in the areas of industrial lighting, next generation cooking and automotive electronic ignition systems.

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Davis Polk – BHP Billiton Announces End of U.S. FCPA Investigations

Davis Polk advised BHP Billiton on investigations conducted by the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice (“DOJ”) into potential breaches of the Foreign Corrupt Practices Act (“FCPA”) related to previously terminated minerals exploration and development efforts as well as hospitality provided by the Company to foreign government officials at the 2008 Beijing Olympic Games. The DOJ completed its investigation without taking any action. Today, the SEC announced a settled administrative proceeding related to BHP Billiton’s hospitality program hosted by BHP Billiton in connection with its sponsorship of the 2008 Beijing Olympic Games

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Kirkland & Ellis Advising on China Galaxy Securities US$3.1 Billion Share Placing

Kirkland & Ellis is advising a consortium of placing agents led by Goldman Sachs, China Galaxy International and Nomura in connection with the US$3.1 billion placing of H shares of China Galaxy Securities Co., Ltd. This placing is the largest follow-on offering in China and second largest follow-on offering in Asia in 2015 to date.

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