Clifford Chance Advises Consortium on One of the Largest Mining Investments in China this Year

Leading international law firm Clifford Chance has advised a consortium of investors including Credit Suisse, New World, Baosteel and CCB International on their US$151 million investment in ChongHou Energy Resources Limited, the holding company of Qipanjing Mining Company Limited which owns and operates a number of coking coal mines in Inner Mongolia. Coking coal is used in the production of steel and is in high demand in China.

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Simpson Thacher Represents Founder of Bona in Sale of 19.9% Strategic Stake to News Corporation

The Firm recently represented Bona Film Group Limited (NASDAQ: BONA) and its chairman, Mr. Dong Yu, in connection with Mr. Yu’s sale of a 19.9% strategic equity stake to News Corporation (NASDAQ: NWSA). News Corporation will acquire the stake directly from Mr. Yu. Mr. Yu has also entered into separate agreements to acquire existing 1,000,000 Bona ordinary shares from SIG China Investments One, Ltd., 1,000,000 Bona ordinary shares from Matrix Partners China Funds and 1,500,000 Bona ordinary shares from the Sequoia Funds.

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Tags:  Simpson Thacher & Bartlett LLP | Beijing

Bingham Officially Opens New Office In China

Upon the official opening of its Beijing office, Bingham secured its first mainland China client, Lion Fund Management Co. Ltd., located in Beijing and Shenzen. Lion Fund manages mutual funds for its clients and invests in public equity and fixed income markets.

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Tags:  Beijing