Herbert Smith Freehills has advised Sinopec, one of China’s largest energy and petrochemical companies, on the completion of its acquisition of a 49% stake in Canadian company Talisman Energy Inc’s UK North Sea business for $1.5 billion. The deal was signed on 23 July 2012 and closed on 17 December 2012.
Tags: Herbert Smith Freehills Kramer LLP | Hong KongJohn Yiu Joins Edwards Wildman as a Litigation Partner in Hong Kong
Edwards Wildman Palmer LLP is pleased to announce that John Yiu has joined the firm as a litigation partner in Hong Kong. With his experience in complex commercial litigation and arbitration, Yiu will significantly enhance Edwards Wildman’s litigation capabilities in Hong Kong and Asia.
Tags: Hong KongShearman & Sterling Represents Concord Medical in Acquisition of Stake in Proton Therapy Center
Shearman & Sterling represented Concord Medical Services Holdings Limited (“Concord Medical”) in the acquisition of an indirect interest of 19.98% in The University of Texas MD Anderson Cancer Center Proton Therapy Center (the “Proton Therapy Center”). Upon completion of the acquisition, Concord Medical is now the second largest owner of the MD Anderson Proton Therapy Center, behind MD Anderson Cancer Center.
Tags: Shearman & Sterling LLP | Hong KongAppleby Advised Wison Engineering Services Co. Ltd. in Hong Kong Stock Exchange Listing
Appleby acted as Cayman counsel for Wison Engineering Services Co. Ltd., a Shanghai-based engineering company, in relation to its listing on the Main Board of the Hong Kong Stock Exchange by way of a global offer on 28 December 2012, with net proceeds of approximately HK$1,360.2 million.
Tags: Appleby | Hong KongSimpson Thacher Represents Zoomlion H.K. SPV Co., Limited and Zoomlion Heavy Industry Science and Technology Co., Ltd. in Offering of $600 Million Senior Notes
The Firm recently acted as both United States and Hong Kong counsel to Zoomlion H.K. SPV Co., Limited, a company incorporated in Hong Kong (the “Issuer”), and its parent, Zoomlion Heavy Industry Science and Technology Co., Ltd., a joint stock company incorporated in the People’s Republic of China which common shares are listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange (the “Parent”), in connection with the offering and sale of US$600 million aggregate principal amount of 6.125% Senior Notes due 2022 of the Issuer (the “Notes”). The Notes are unconditionally guaranteed by the Parent on a senior basis. The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Notes were rated BB+ and BBB- by S&P and Fitch, respectively, and contained only investment-grade covenants. The Notes are listed and quoted on the Singapore Exchange Securities Trading Limited.
Tags: Simpson Thacher & Bartlett LLP | Hong KongAllen & Overy Announces Vietnam Expansion with the Hire of Tran Anh Duc
Allen & Overy today announced the lateral hire of Tran Anh Duc from Vilaf, one of Vietnam’s leading local law firms. Duc’s practice spans over 18 years and is a blend of corporate and banking work, with a focus on large scale power projects and debt and equity capital market issuances. He will co-head the banking and corporate practices alongside Adam Moncrieff (who has recently relocated from Allen and Overy’s Tokyo office) and Dao Nguyen. Duc will also be head of Allen & Overy’s Hanoi branch.
Tags: Allen & Overy LLP | Hong KongShearman & Sterling Advises on China Machinery Engineering’s Hong Kong IPO
Shearman & Sterling represented BOCI Asia Limited as the sole sponsor, and BOCI Asia Limited, ICBC International Capital Limited, ICBC International Securities Limited, CIMB Securities Limited and ABCI Securities Company Limited as the underwriters in connection with the approximately HK$3.88 billion primary listing on The Stock Exchange of Hong Kong Limited and global offering of the H shares of China Machinery Engineering Corporation (the “CMEC”).
Tags: Shearman & Sterling LLP | Hong KongPaul Hastings Represents Ayala Corporation on Acquisition of Strategic Stake in 600 MW Philippine Power Plant
Paul Hastings, a leading global law firm, announced today that it represented Ayala Corporation (“Ayala”), one of the Philippines’ largest conglomerates, on its execution of a definitive agreement to acquire an approximately 17.1% ownership interest in GNPower Mariveles Coal Plant Ltd Co. (“GMCP”) and its 2 x 300 MW coal-fired generating plant, located in Bataan province, Republic of the Philippines. The acquisition is priced at approximately US$155 million, and the closing of the acquisition is subject to lender’s consent and other customary closing conditions. The interests are currently held by an affiliate of a fund managed by Denham Capital.
Tags: Paul Hastings, LLP | Hong KongKirkland & Ellis Represents Independent Committee of Focus Media Holding Limited in Merger Agreement for Going Private Transaction
Kirkland & Ellis represents the independent committee of Focus Media Holding Limited in its definitive agreement announced today to be acquired in a going private transaction by Jason Nanchun Jiang, the company’s chairman and CEO; affiliates of and funds managed by Giovanna Investment Holdings Limited, an entity owned and controlled by Carlyle Asia Partners III, L.P.; Gio2 Holdings Ltd., an entity owned and controlled by FountainVest China Growth Capital Fund, L.P., FountainVest China Growth Capital Fund II, L.P., their respective parallel funds and affiliates; Power Star Holdings Limited, an entity owned and controlled by CITIC Capital China Partners II, L.P.; and State Success Limited, an entity owned and controlled by affiliates of China Everbright Structured Investment Holdings Limited. In addition, Fosun International Limited and/or its affiliates will become a beneficial owner of the surviving company after the transaction is completed.
Tags: Kirkland & Ellis LLP | Hong KongPaul Hastings Represents CIMC on Landmark B-share to H-share Listing
Paul Hastings, a leading global law firm, announced today that it represented China International Marine Containers (Group) Co., Ltd. (“CIMC”), a leading global equipment and solutions provider in the logistics and energy industries which is listed on the Shenzhen Stock Exchange, on its landmark listing of H-shares converted from B-shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) by way of introduction. CIMC was ranked number one amongst dry freight container manufacturers in the world from 2007 to 2011 in terms of production volume, according to World Cargo News. Guotai Junan Capital Limited acted as sole sponsor for this listing.
Tags: Paul Hastings, LLP | Hong Kong






