Ashurst has advised Macquarie Investment Management, part of the Macquarie Funds Group, on its agreement to acquire ING Investment Management Korea from ING Group (“ING”). Completion of the acquisition is subject to certain closing conditions including regulatory approval.

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Ashurst acted for Lai’s Holdings (LHL), the founding shareholder of Kadokawa Intercontinental Group Holdings Limited (KIGH), on the proposed sale of the KIGH Group to Hong Kong-listed companies within the Lai Sun Group. eSun will acquire an 85 per cent. stake in the KIGH Group and Lai Sun will acquire a 100 per cent. stake in the properties currently held by the KIGH Group. As part of this transaction, Toyko-listed shareholder Kadokawa Corporation will sell all its stake in KIGH Group to the same buyers.  The total consideration involved is about HK$342 million.  LHL will remain a minority shareholder of the KIGH Group after closing.

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Simpson Thacher recently represented J.P. Morgan in connection with the offering by Fubon Financial Holding Co., Ltd. (“Fubon”) of US$850 million global depositary shares. Fubon is a leading financial holding company in Taiwan and its common shares are traded on the Taiwan Stock Exchange under the trading code “2881”. The global depositary shares are listed on the Luxembourg Stock Exchange. This transaction was the largest equity offering by a Taiwanese company since the financial crisis in 2008.

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Baker & McKenzie acted as REIT trustee’s counsel for the initial public offering and listing of New Century Real Estate Investment Trust (“New Century REIT”) on 10 July 2013. New Century REIT, which will initially hold five premium hotels across regional central cities in China, is the first China hotel focused REIT to be listed on the Hong Kong Stock Exchange.

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Paul Hastings, a leading global law firm, announced today that it represented Morgan Stanley Asia Limited, Standard Chartered Securities (Hong Kong) Limited, BOCI Asia Limited, BOCOM International Securities Limited, CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited and Haitong International Securities Company Limited as the underwriters in the US$87 million global offering and Hong Kong IPO of New Century Real Estate Investment Trust (“New Century REIT”).

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The global law firm Jones Day has announced that Michelle Taylor and her team have joined the Firm’s Banking & Finance Practice.  Formerly Asia Managing Partner and China Office Leader with Orrick, Michelle will be based in the Firm’s Hong Kong Office.

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Baker & McKenzie recently acted as United States and Republic of China counsel to Innolux Corporation (“Innolux”), a Taiwan-listed TFT-LCD total solution manufacturer; and its subsidiary Leadtek Global Group Limited, on the sale of 25,399,753 American Depositary Shares (“ADSs”): representing 50,799,506 ordinary shares (which include ADSs sold pursuant to the exercise of the over-allotment option by the underwriters) of Himax Technologies, Inc. (“Himax”), a Nasdaq-listed fabless manufacturer of advanced display drivers and imaging solutions. The total proceeds of the offering was approximately US$133 million. The offer and sale was registered with the U.S. Securities and Exchange Commission.

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Global law firm White & Case LLP has acted as deal counsel on the Slovak Republic’s issue of two series of Samurai bonds, denominated in Japanese yen, which have raised JPY 30 billion (approximately US$305.4 million).

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Davis Polk is advising Citigroup as financial adviser to Hindustan Unilever Limited in connection with the $5.4 billion open offer by Unilever PLC and Unilever NV for up to 75% of the shares in Hindustan Unilever Limited. The transaction is expected to close in July of 2013.

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Davis Polk advised Himax Technologies, Inc. (Himax) on an SEC-registered secondary offering by selling shareholder Innolux Corporation of 25,399,753 of American Depositary Shares (ADSs) representing 50,799,506 ordinary shares of Himax (including ADSs sold pursuant to the underwriters’ over-allotment option). The total proceeds of the offering were approximately $133.3 million. The ADSs are listed on the NASDAQ Global Select Market under the symbol “HIMX.” Citigroup Global Markets Inc. acted as global coordinator for the offering and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chardan Capital Markets, LLC and Credit Suisse Securities (USA) LLC acted as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC acted as co-managers of the offering.

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