Davis Polk – PT Berau Coal Energy Tbk $500 Million Guaranteed Senior Secured Notes Offering

Davis Polk advised Merrill Lynch (Singapore) Pte. Ltd., Credit Suisse (Singapore) Limited and J.P. Morgan Securities Ltd. as the initial purchasers in connection with a Rule 144A/Regulation S global offering by PT Berau Coal Energy Tbk of $500 million aggregate principal amount of its 7.25% guaranteed senior secured notes due 2017.

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Simpson Thacher Represents Hop Hing Group in Acquisition of a Leading Fast Food Group in the PRC

The Hong Kong office of the Firm recently represented Hong Kong stock exchange-listed Hop Hing Group Holdings Limited (“Hop Hing Group”) (HKSE stock code: 47) in connection with its acquisition of Summerfield Profits Limited (“Summerfield”) . The purchase price of the acquisition is approximately US$450 million.

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Davis Polk – Cikarang Listrindo High-Yield Notes Offering and Concurrent Tender Offer and Consent Solicitation

Davis Polk advised Barclays and Credit Suisse as joint lead managers and joint bookrunners on a Rule 144A/Regulation S offering of $500 million aggregate principal amount of 6.95% senior notes due 2019 by Listrindo Capital B.V. The notes are guaranteed by PT Cikarang Listrindo. Davis Polk also advised Barclays and Credit Suisse as dealer managers and solicitation agents of a concurrent tender offer and consent solicitation by Listrindo Capital B.V. to purchase all of its outstanding 9.25% senior notes due 2015. The tender offer was funded with the proceeds of the 2019 notes offering.

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Kirkland & Ellis Represents Tudou in Merger with Youku

Kirkland & Ellis represented Tudou Holdings Limited (NASDAQ: TUDO) in a deal announced yesterday that combines the top two players in China’s burgeoning online video market. Tudou and Youku Inc. (NYSE: YOKU) signed a definitive agreement to combine in a 100 percent stock-for-stock transaction, expected to be completed by the third quarter of 2012, pending customary closing conditions and shareholder approvals. Upon completion, Youku and Tudou shareholders will own approximately 71.5 percent and 28.5 percent of the combined company, respectively. The combined company will be named Youku Tudou Inc., and Youku’s American depositary shares (ADSs) will continue to be listed on the NYSE under the symbol “YOKU”.

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Norton Rose Advises China Daye Non-Ferrous Metals on Reverse Takeover

International legal practice Norton Rose Hong Kong has advised China Daye Non-Ferrous Metals Mining Limited, a company listed on the Hong Kong Stock Exchange, on the acquisition of four copper mines in China from an entity ultimately controlled by the Hubei Provincial Government for a total consideration of around US$900 million, which was satisfied by the issue of new shares and convertible notes.

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Paul Hastings Advises J.P. Morgan on China Daye’s Very Substantial Acquisition, Reverse Takeover and Deemed New Listing

Paul Hastings, a leading global law firm, announced today that it advised J.P. Morgan, as the sole sponsor and financial adviser, on China Daye Non-Ferrous Metals Mining Limited’s (“China Daye”) deemed new listing resulting from the RMB5.8 billion acquisition of Prosper Well Group Limited (“Prosper Well”). The acquisition was made through the purchase of sale shares by China Daye from Prosper Well’s shareholders, China Times Development Limited and China Cinda (HK) Asset Management Co., Limited, in consideration for the issuance of new shares and convertible notes by China Daye.

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Yuet Ming Tham Joins Sidley Austin’s Hong Kong Office

International law firm Sidley Austin is pleased to announce that Yuet Ming Tham has joined the firm’s Arbitration, Litigation and Regulatory Group as a partner in the Hong Kong office. Ms. Tham’s practice focuses on regulatory issues, governmental investigations and compliance, including the Foreign Corrupt Practices Act, with a particular focus on the pharmaceutical and medical device industry sector.

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Clifford Chance Advises National Agricultural Cooperative Federation on Its Successful Debt Liability Management Exercise for Its Reorganisation

Leading international law firm Clifford Chance has advised the National Agricultural Cooperative Federation (NACF) in its successful debt liability management exercise including solicitation of consents from the holders of its outstanding US$400,000,000 5.55% notes due 2012, US$180,000,000 8.50% notes due 2014, US$500,000,000 5.00% notes due 2014, US$500,000,000 4.25% notes due 2016, US$500,000,000 3.50% notes due 2017, HKD230,000,000 4.80% notes due 2012, HKD250,000,000 4.56% notes due 2013, SGD50,000,000 1.10% notes due 2012, SGD38,000,000 zero coupon notes due 2012, SGD40,000,000 1.27% notes due 2013 and JPY10,000,000,000 3.16% notes due 2 May 2018.

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