Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has 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, in its US$658 million Hong Kong IPO and global offering. The listing comprised a Hong Kong public offering and a Reg S international offering.

If exercised, the over-allotment option granted to the underwriters would bring the deal size to approximately US$757 million. CICC, Morgan Stanley, UBS and HSBC were the joint bookrunners for the offering.

Raymond Li, chair of the Greater China practice at Paul Hastings in Hong Kong, commented: “The success of the offering is testament to the quality of the management of Far East Horizon and its principal shareholder Sinochem. We advised Far East Horizon in its issuance of preference shares to strategic investors Kohlberg Kravis and Roberts (“KKR”), Government of Singapore Investment Corporation (“GIC”) and CICC in 2009 and are delighted to have had the opportunity to work with them again on this significant transaction. This is the first red chip listing in Hong Kong approved by the China Securities Regulatory Committee (“CSRC”) since 2009 and is also the first ever listing of a finance leasing company in Hong Kong.”

The Paul Hastings team was led by partners Raymond Li, Vivian Lam and Chris Betts who were assisted by associates Erika Wan, Anthony Pang and Tommy Lam.