Sidley Austin has advised UBS as sole book runner for Philippine conglomerate GT Capital Holdings Inc. (“GTCAP”) on the largest-ever overnight equity transaction executed out of the Philippines to date. Grand Titan Capital Holdings, Inc (“Grand Titan”), which is GTCAP’s controlling shareholder, was the selling entity. The placement raised approx. Php10.1 billion (approx. US$249 million) for GTCAP and Php4.2 billion (approx. US$104 million) for Grand Titan.

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Ashurst has advised Trauson Holdings Company Limited (“Trauson“) in relation to its proposed public takeover by Stryker Corporation (“Stryker“) for a total cash consideration of approximately HKD 5.9 billion (approximately USD 761 million). Stryker’s offer price of HKD 7.50 per share represents a 66.7% premium to the closing price of HKD 4.50 on the last full trading date, 7 January 2013.

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Ashurst Hong Kong has advised Peak Reinsurance Company Limited (“Peak Re”) on its formation and the grant of its insurance licence by the Office of the Commissioner of Insurance.

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Morrison & Foerster represented Golden Wheel Tiandi in the first major Hong Kong IPO in 2013, raising HK$756 million. Golden Wheel is an integrated commercial and residential property developer, owner and operator with a proven track record in China. It focuses on developing projects in Jiangsu and Hunan provinces that are physically connected or in close proximity to metro stations or other transportation hubs.

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Leading international law firm Milbank, Tweed, Hadley & McCloy represented the 13 underwriters in the US$760 million Indian IPO of Bharti Infratel, the telecommunications tower subsidiary of Bharti Artel, one of India’s largest telecommunications companies. The offering, which included international Rule 144A and Regulation S tranches, closed this month.

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Baker & McKenzie is pleased to announce that veteran corporate and securities lawyer Lance Chen has re-joined the Firm. Mr Chen joined Baker & McKenzie’s Hong Kong office as a partner on 1 January to head the Firm’s US Securities Practice Group in Hong Kong and China. He adds extensive experience in international securities transactions to the Firm’s well-regarded Securities practice.

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Peak Re’s Hong Kong subsidiary Peak Reinsurance Company Limited is aiming initially to capture the growing demand for reinsurance in the Asia-Pacific region and has planned to service markets in the region. Peak Re has an issued capital of US$550 million, with Fosun International contributing US$468 million as the founding shareholder and IFC putting in an equity investment of US$82 million. Fosun International is a major investment group with a focus on China and IFC is the investment arm of the World Bank Group. Both companies have teamed up to capitalise on the growing demand of the Asia-Pacific reinsurance market.

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Seong Soo Kim has joined Baker & McKenzie as a Partner, bolstering the Firm’s Banking & Finance and Korea practices in Hong Kong. Mr Kim has more than 16 years’ experience handling cross-border project financing matters and international securities transactions.

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International law firm Freshfields Bruckhaus Deringer has appointed William Woo as a partner in its corporate practice in Hong Kong.

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Mayer Brown JSM has advised CITIC Telecom International Holdings Limited (CITIC Telecom, stock code: 1883), a leading international telecoms services provider in Asia, on the acquisition of a 79 percent stake in Companhia de Telecomunicacoes de Macau, S.A.R.L. (CTM) from UK-based Cable & Wireless Communications PLC, and Portugal Telecom.

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