Simmons & Simmons Advises Chinatex On The Acquisition Of Majority Stake In Fountain Set

International law firm Simmons & Simmons has advised Chinese state owned enterprise, Chinatex Corporation (Chinatex), on the subscription of 34% shares in Fountain Set (Holdings) Limited for HK$511 million and the application to the Securities and Futures Commission for a whitewash waiver.  Fountain Set (Holdings) Limited is engaged in the textile and garment business and is listed on the Hong Kong Stock Exchange.

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White & Case Advises China Development Bank on US$750 Million Committed Financing for Solar Power Projects in the USA

Global law firm White & Case LLP has advised China Development Bank (CDB) on its commitment of up to US$750 million to fund the procurement, construction, installation and operation of solar power projects in New Jersey, USA with a total installed capacity of up to 300MW. The financing comprises both secured EPC financing to be provided to SPI Solar and secured long-term financing to be provided to KDC Solar.

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Akin Gump Advises Gushan Environmental Energy Limited on Merger and Take-Private Agreement

A team of Akin Gump attorneys has been retained by a special committee of Chinese copper products manufacturer and producer of biodiesel Gushan Environmental Energy Limited in its agreement to merge with Trillion Energy Holdings Limited and Trillion Energy Investments Holdings Limited. Trillion Energy Holdings Limited is wholly owned by Gushan’s chairman and principal executive officer, Jianqiu Yu. He also currently owns 34.8 percent of Gushan’s issued and outstanding ordinary shares.

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Milbank Advises on First International Bond Offering by a Vietnamese State‑Owned Bank

Leading international law firm Milbank, Tweed, Hadley & McCloy has advised Barclays and HSBC as joint lead managers and joint bookrunners on a US$250 million offering of 8.0% Notes Due 2017 by Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank), the country’s second-largest bank by market capitalization. A benchmark transaction for Vietnam, the deal is the first successfully completed international bond offering by a Vietnamese state-owned bank.

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Paul Hastings Advises First Gen on Buyout of BG’s Philippine Energy Assets

Paul Hastings, a leading global law firm, announced today that it represented First Gen Corporation (“First Gen”), the largest vertically integrated power producer in the Philippines, in its US$360 million acquisition of BG Group’s (“BG”) power assets in the Philippines. First Gen’s wholly-owned subsidiary, Blue Vulcan Holdings Corp., acquired the entire outstanding capital stock of Lisbon Star Management Limited, a company incorporated in the British Virgin Islands, through which BG owned 40% stakes in the 1 GW Santa Rita combined-cycle natural gas-fired power plant, the 400 MW San Lorenzo combined-cycle natural gas-fired power plant and the corporate vehicle for the development of the San Gabriel power project.

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Paul Hastings Advises First Gen on Acquisition of Natural Gas Power Projects

Paul Hastings, a leading global law firm, announced today that it represented First Gen Corporation (“First Gen”), the largest vertically integrated power producer in the Philippines, in its US$360 million acquisition of BG Group’s (“BG”) power assets in the Philippines. First Gen’s wholly-owned subsidiary, Blue Vulcan Holdings Corp., acquired the entire outstanding capital stock of Lisbon Star Management Limited, a company incorporated in the British Virgin Islands, through which BG owned 40% stakes in the 1 GW Santa Rita combined-cycle natural gas-fired power plant, the 400 MW San Lorenzo combined-cycle natural gas-fired power plant and the corporate vehicle for the development of the San Gabriel power project.

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Clifford Chance Advised Lead Manager on KfW Issue of Bonds with a Volume of 1 Billion Renminbi

Clifford Chance advised Hongkong and Shanghai Banking Corporation Limited who acted as lead manager in connection with the issue of bonds with a total volume of 1 billion Renminbi by KfW. The transaction is part of the KfW issue programme and is the first bond issued by KfW in the Chinese currency. The bond bears interest at a rate of 2% p.a. and its maturity is two years.

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Paul Hastings Advises China Everbright on Greenway Venture Share and Loan Disposal

Paul Hastings, a leading global law firm, announced today that it advised China Everbright International Limited (“China Everbright”), a company whose shares are listed on the Hong Kong Stock Exchange, on the disposal of its 80% interest in Greenway Venture Limited (“Greenway”) and its shareholder’s loan due from Greenway for approximately RMB384.8 million and HK$188.6 million respectively to TransGlobal (Asia) Holdings Limited.

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