Paul Hastings, a leading global law firm, announced today that it represented Greatpart Limited (“Greatpart”), a wholly-owned subsidiary of Sinochem Group, in the share placing of Far East Horizon Ltd. (“Far East Horizon”), a leading financial services company focusing on financial leasing. Sinochem Group is one of the largest Chinese state-owned enterprises.
Greatpart reduced its equity interest in Far East Horizon by placing approximately 11.38% of issued share capital to other investors through UBS. Greatpart’s equity interest in Far East Horizon has thus been reduced from 39.32% to 27.94%.
The Paul Hastings team was led by partners Vivian Lam and Catherine Tsang with support from associate Anthony Pang.
