Herbert Smith Freehills Advises Joint Lead Managers on China Taiping Insurance US$400 Million Notes Issuance

Herbert Smith Freehills has advised Agricultural Bank of China Limited Hong Kong Branch, Bank of China (Hong Kong) Limited, CCB International Capital Limited, China International Capital Corporation Hong Kong Securities Limited, Credit Suisse Securities (Europe) Limited and J.P. Morgan Securities Plc as joint lead managers on the Regulation S international offering of US$400 million 6.00% senior notes due 2023 by China Taiping New Horizon Limited.

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Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

MoFo Represents Private Equity Firm Ascendent Capital in HK$5.8 billion (US$748 million) Combination of China Retailers

Morrison & Foerster today announced that it is representing Ascendent Capital Partners, a China-focused private equity firm, in the proposed acquisition by Wumart Stores, Inc. of a minority interest in C.P. Lotus Corporation, the retail flagship company in China for the Charoen Pokphand Group, for approximately HK$548 million, the proposed acquisition by C.P. Lotus of a minority interest in Wumart for approximately of HK$2.9 billion, and the proposed acquisition by Wumart of C.P. Lotus’s operations in certain provinces in China, including Beijing and Shanghai, for approximately HK$2.34 billion announced yesterday.

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Tags:  Morrison & Foerster LLP | Hong Kong

Baker & McKenzie Advised Fortune REIT on Its HK$5 Billion Term Loan Facilities

Baker & McKenzie advised Fortune Real Estate Investment Trust (“Fortune REIT”) on its term loans in an aggregated amount of approximately HK$5 billion in October 2013. The new term loans were used for financing the acquisition of Kingswood Ginza Property, which comprises the entire shopping mall commonly known as “Kingswood Ginza” as well as certain other retail, kindergarten, parking and ancillary areas within the Kingswood Development which is located in Tin Shui Wai, Yuen Long, New Territories. The acquisition was completed on 9 October 2013.

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Tags:  Baker McKenzie | Hong Kong

Baker & McKenzie Advises on the Global Offering of Nexteer Automotive Group Limited

Baker & McKenzie advised the joint sponsors – BOCI Asia Limited (“BOCI”) and J.P. Morgan Securities (Far East) Limited – and the joint global coordinators – BOCI and J.P. Morgan Securities (Asia Pacific) Limited, as Hong Kong and US law counsel, on the HK$2,016 million global offering of Nexteer Automotive Group Limited (“Nexteer”), a global leading automotive steering and driveline systems supplier. The shares commenced trading on The Stock Exchange of Hong Kong Limited on 7 October 2013.

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Tags:  Baker McKenzie | Hong Kong