The Hong Kong office of the Firm represented the underwriters, led by Citibank Global Markets Limited, DBS Bank Limited, Merrill Lynch Far East Limited and Standard Chartered Bank, in the offering of US$188 million principal amount of Zero Coupon Convertible Bonds (the “Bonds”) by Zhen Ding Technology Holding Limited (“Zhen Ding”). Zhen Ding is a leading designer and manufacturer of printed circuit boards to leading brand name customers. The common shares of Zhen Ding are traded on the Taiwan Stock Exchange under the trading code “4958”. The Bonds are listed on the Singapore Stock Exchange.
Tags: Simpson Thacher & Bartlett LLP | Hong KongHerbert Smith Advises J.P. Morgan Securities (Asia Pacific) Limited on a Share Placement
Herbert Smith has recently advised J.P. Morgan Securities (Asia Pacific) Limited as the sole bookrunner on the placement by Mr. Chen Fashu, a prominent entrepreneur in China, of up to 32,000,000 H shares in the capital of Tsingtao Brewery Company Limited at a placing price of HK$47.00 per share.
Tags: Herbert Smith Freehills LLP | Hong KongDavis Polk Advises Novast Holdings on Its Strategic Partnership with Eli Lilly
Davis Polk advised Novast Holdings Limited in connection with its strategic partnership with Eli Lilly and Company. The parties entered into a license and supply agreement, pursuant to which Novast granted Lilly an exclusive license to commercialize certain pharmaceutical products in People’s Republic of China, Hong Kong and Macau. Novast has committed to set up a platform to support Lilly-branded generic products and increase the manufacturing capacity at its Nantong site over the next several years, with Lilly providing technical support to enhance quality standards. Lilly also made a new investment in Novast and increased its equity position in Novast by $20 million.
Tags: Davis Polk & Wardwell | Hong KongPaul Hastings Advises Mapletree Investments on Establishment of US$3 Billion Euro Medium Term Note Programme
Paul Hastings, a leading global law firm, announced today that it represented Mapletree Treasury Services Limited and Mapletree Treasury Services (HKSAR) Private Limited as issuers (the “Issuers”) and Mapletree Investments Pte Ltd. as guarantor (the “Guarantor”) on the establishment of a US$3 billion guaranteed Euro Medium Term Note Programme by the Issuers (the “EMTN Programme”). The Guarantor is a leading Asia-focused real estate developer and capital management company headquartered in Singapore with SGD19.9 billion assets under management.
Tags: Paul Hastings LLP | Hong KongFreshfields Advises the London Metal Exchange on Its £1.388bn Acquisition by Hong Kong Exchanges & Clearing Limited
International law firm Freshfields Bruckhaus Deringer has advised LME Holdings Limited, the parent company of The London Metal Exchange Limited (the “LME”), on the £1,388bn recommended cash offer for its entire issued and outstanding ordinary share capital by a wholly- owned subsidiary of Hong Kong Exchanges & Clearing Ltd (“HKEx”) (the “Transaction”). The Transaction brings together the LME, the world’s leading non-ferrous base metals exchange trading venue with the leading operator of exchanges and clearing houses in Asia.
Tags: Freshfields Bruckhaus Deringer LLP | Hong KongPaul Hastings Advises Sino-Ocean Land on US$600 Million Multi-Currency Syndicated Loan Facility
Paul Hastings, a leading global law firm, announced today that it represented Sino-Ocean Land Holdings Limited (“Sino-Ocean Land”), one of the leading property developers in China whose shares are listed on the Hong Kong Stock Exchange, on a 3-year multi-currency term loan facility in the principal amount of approximately US$600 million-equivalent, with US dollar, HK dollar and RMB tranches.
Tags: Paul Hastings LLP | Hong KongPaul Hastings Advises Samsung Electronics on Acquisition of Sweden’s Nanoradio AB
Paul Hastings, a leading global law firm, announced today that it represented Samsung Electronics Co., Ltd., a world leader in advanced semiconductor solutions, on its acquisition of Sweden’s Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones.
Tags: Paul Hastings LLP | Hong KongHogan Lovells Advises on Acquisition of First Engineering Limited by Anchorage Capital Partners
Hogan Lovells has advised a consortium of banks on the sale of First Engineering Limited (“First Engineering“) to Australia-based private equity firm Anchorage Capital Partners (“Anchorage“), including advising Mizuho Corporate Bank, one of the selling banks, in connection with the financing being provided to Anchorage for the acquisition.
Tags: Hogan Lovells | Hong KongSidley Advises Petron Corporation in its Acquisition Financing in Malaysia
Sidley Austin successfully represented Petron Corporation, the Philippines’ largest oil refining and marketing company and a subsidiary of San Miguel Corporation, in connection with the financing of its US$577.3 million acquisition of ExxonMobil’s downstream oil business in Malaysia.
Tags: Sidley Austin LLP | Hong KongFreshfields Advises China Unicom Group on Its US$1.4 Billion Acquisition of a Stake in China Unicom from Telefónica
International law firm Freshfields Bruckhaus Deringer has advised China United Network Communications Group, the parent company of China Unicom (Hong Kong) Limited, on its proposed acquisition of part of Telefónica’s shareholding in China Unicom.
Tags: Freshfields Bruckhaus Deringer LLP | Hong Kong