Davis Polk – AVIC International RMB1.5 Billion Guaranteed Bonds Offering

Davis Polk advised BOCI Asia Limited and Morgan Stanley & Co. International plc as managers for a Hong Kong law Regulation S-only offering by AVIC International Finance & Investment Limited of its RMB1.5 billion 4.8% guaranteed bonds due 2015. The bonds are unconditionally and irrevocably guaranteed by AVIC International Holding Corporation. Approval from the PRC State Administration of Foreign Exchange has been obtained for the guarantees.

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Tags:  Davis Polk & Wardwell | Hong Kong

European law firm opens office in Hong Kong

Stibbe, a Benelux law firm, is launching a new office in Hong Kong, according to a press release. The firm’s new Asian base will focus on supporting clients in corporate, finance and tax law, as well as primarily helping Chinese clients with their European investments.The firm also aids European clients with various operations and business ventures in Asia.

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Tags:  Hong Kong

Kirkland & Ellis Acts as Hong Kong and US Counsel to Bank of America Merrill Lynch, Standard Chartered, Guotai Junan and ICBC International in the US$66 Million IPO and Hong Kong Listing of Xiao Nan Guo Restaurants Holdings Limited

Kirkland & Ellis acted as the Hong Kong and U.S. legal advisers to the underwriters, led by Bank of America Merrill Lynch, Standard Chartered, Guotai Junan and ICBC International, in the US$66 million initial public offering of Xiao Nan Guo Restaurants Holdings Limited (Stock code: 3666), which debuted its listing on the Hong Kong Stock Exchange today. Xiao Nan Guo is the largest self-owned, mid-to-high-end Chinese cuisine, full-service restaurant chain headquartered in the PRC.

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Weil – Abax Global Capital in Deal to Take Fushi Copperweld Private

Chinese metallic wire manufacturer Fushi Copperweld Inc. announced that is has agreed to be taken private by an investment group led by its co-chief executive, Li Fu, and private equity firm Abax Global Capital (Hong Kong) Ltd. for $364 million. The per share price of $9.50 represents a 21 percent premium on the stock’s closing price on June 28.

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Tags:  Weil, Gotshal & Manges, LLP | Hong Kong

Paul Hastings Advises the Underwriters in Huadian Fuxin’s Hong Kong Listing

Paul Hastings, a leading global law firm, announced today that it represented CITIC Securities, UBS and Bank of America Merrill Lynch as the Joint Global Coordinators in Huadian Fuxin Energy Corporation Limited’s (“Huadian Fuxin”) US$319 million global offering and listing of its H-shares on the Hong Kong Stock Exchange. The transaction comprised a Hong Kong public offering and a Reg S/Rule 144A international offering.

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Tags:  Paul Hastings LLP | Hong Kong