Leading international law firm Clifford Chance has advised Metropolitan Light Company Limited, a company formed by CVC Funds, on its acquisition of Hong Kong Broadband Network (HKBN) and the IDD business from City Telecom (H.K.) Limited (CTI).
Tags: Clifford Chance LLP | Hong Kong Clifford Chance Advises on Two Successful Bond Offerings
Leading international law firm Clifford Chance has advised on two separate bond offerings, Shangri-La Asia’s US$600 million five-year notes and Vincom’s US$185 million convertible bond.
Tags: Clifford Chance LLP | Hong Kong Freshfields Advises SouthGobi on Proportional Takeover by Chalco and Related Cooperation Agreement
International law firm Freshfields Bruckhaus Deringer is advising SouthGobi Resources Ltd, a premium coal production and development company, in relation to the proposed proportional takeover bid by Aluminium Corporation of China (Chalco) for up to 60% of SouthGobi and a Cooperation Agreement entered into between SouthGobi and Chalco.
Tags: Freshfields Bruckhaus Deringer LLP | Hong Kong White & Case Advises Chinese Banks on US$1 Billion Financing for Reliance Communications Limited
Global law firm White & Case LLP has advised a consortium of Chinese banks on syndicated secured financing of approximately US$1 billion to Reliance Communications Limited, India’s second largest telecoms operator by subscriber numbers. The funds will be used to refinance outstanding Foreign Currency Convertible Bonds (FCCBs) which the company issued in 2007.
Tags: White & Case LLP | Hong Kong Simpson Thacher Represents Zoomlion H.K. SPV Co., Limited and Zoomlion Heavy Industry Science and Technology Co., Ltd. in Offering of $400 Million Senior Notes
The Firm recently acted as both United States and Hong Kong counsel to Zoomlion H.K. SPV Co., Limited, a company incorporated in Hong Kong (the “Issuer”), and its parent, Zoomlion Heavy Industry Science and Technology Co., Ltd., a joint stock company incorporated in the People’s Republic of China which common shares are listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange (the “Parent”), in connection with the offering and sale of US$400 million aggregate principal amount of 6.875% Senior Notes due 2017 of the Issuer. The notes are unconditionally guaranteed by the Parent on a senior basis. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended. The notes were rated BB+ and BBB- by S&P and Fitch, respectively, and contained only investment-grade covenants. The Notes are listed and quoted on the Singapore Exchange Securities Trading Limited.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong Latham & Watkins’ Greater China Team Advises on Notable Energy Sector IPO on Hong Kong Stock Exchange
Latham & Watkins represents Kinetic Mines and Energy Limited, an integrated coal provider operating in China, in connection with its initial public offering (IPO) of 930,000,000 shares and listing on the Hong Kong Stock Exchange, including its international offering (144A/Reg S) of 837,000,000 shares and Hong Kong public offering of 93,000,000 shares. The offering raised approximately HK$1.1 billion gross proceeds after pricing its offering at HK$1.26 per share on 16 March 2012.
Tags: Latham & Watkins LLP | Hong Kong Bird & Bird Appoints Two Further Partners in Hong Kong
As we continue to drive the expansion of our offering in the Asia-Pacific region, we are pleased to appoint Richard Keady and Pádraig Walsh as Partners to our Hong Kong office. These appointments bring the new partners in Asia to seven so far this year, including four in Hong Kong. We will now have 28 partners in Asia.
Tags: Bird & Bird | Hong Kong Herbert Smith Advises Goldman Sachs, Citi and HSBC on Top-up Placings of Two Hong Kong-headquartered Multinationals
Herbert Smith advised Goldman Sachs (Asia) and The Hongkong and Shanghai Banking Corporation, as joint placing agents, on the sale of 210 million shares of Li & Fung Limited held by its controlling shareholder, Li & Fung (1937) Limited, for HK$3.9 billion (US$502 million) under a top-up placement.
Tags: Herbert Smith Freehills LLP | Hong Kong Paul Hastings Advises Far East Horizon on US$371 Million Share Placement
Paul Hastings, a leading global law firm, announced today that it advised Far East Horizon Ltd., (“Far East Horizon”), a leading financial services company focusing on financial leasing and a subsidiary of Sinochem Group, one of the largest Chinese state-owned enterprises, on its US$371 million share placement. UBS was the sole placing agent and Far East Horizon plans to use the money raised from the placement to fund its ongoing growth.
Tags: Paul Hastings LLP | Hong Kong Mayer Brown JSM Advises Development Bank of Mongolia on US$580 Million Bonds Issuance
Mayer Brown JSM is pleased to announce that it has advised Development Bank of Mongolia LLC (“DBM”) and the Ministry of Finance of the Government of Mongolia on its recent issuance of US$580 million senior guaranteed bonds.
Tags: Mayer Brown LLP | Hong Kong