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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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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Latham & Watkins Adds Talented Capital Markets Partner in Hong Kong

Latham & Watkins LLP is pleased to announce that Ji Liu has joined the firm’s Hong Kong office as a partner in the Corporate Department. Liu’s practice focuses on US domestic and cross-border capital markets transactions, representing issuers and underwriters on IPOs, secondary offerings, Rule 144A/Regulation S offerings and high yield bonds, as well as representing companies on compliance matters under US federal securities laws. Liu also has considerable experience advising on mergers and acquisitions, bank finance and venture capital investments as well as corporate governance matters.

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Tags:  Latham & Watkins LLP | Hong Kong