Herbert Smith Freehills has recently advised Stelux Holdings International Limited (“Stelux”), one of the largest mid-end watch and optical retailers in Asia, on the strategic investment and subscription of convertible bonds in an aggregate principal amount of approximately HK$371 million (US$47.7 million) by Boyu Capital (“Boyu”).

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Hogan Lovells has advised the underwriters, including Morgan Stanley Asia Limited, Citigroup Global Markets Asia Limited, Standard Chartered Securities (Hong Kong) Limited, BOCOM International Securities Limited, First Shanghai Securities Limited and CCB International Capital Limited, on the Hong Kong IPO and Rule 144A placing of CIFI Holdings (Group) Co., Ltd. (“CIFI“), a PRC real estate developer.

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Davis Polk advised The People’s Insurance Company (Group) of China Limited (PICC) in connection with its approximately HK$24 billion ($3.1 billion) initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The IPO, with total proceeds of nearly $3.6 billion if the over-allotment option is fully exercised, is the largest initial public offering in Hong Kong and the largest initial public offering of a PRC company during the past two years.

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Allen & Overy announced today that they have represented the underwriters on the debut USD1.5 billion global bond offering by the Government of Mongolia. Allen & Overy advised Bank of America Merrill Lynch, Deutsche Bank, HSBC, J.P. Morgan and TDB Capital who acted as joint lead managers of the Rule 144A/Regulation S offering.

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Leading international law firm Clifford Chance has advised CLP Holdings Limited on its US$982 million placing of new shares. The placing was done by way of a tender process whereby selected banks were invited to submit bids to underwrite the placing. The placing agents for this transaction were Goldman Sachs, J.P. Morgan and UBS.

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Leading international law firm Clifford Chance has advised the joint lead managers1 on the issue by Amber Circle Funding Limited of US$500 million 2% guaranteed notes due 2017 and US$1 billion 3.25% guaranteed notes due 2022, guaranteed by China Development Bank Corporation, Hong Kong Branch.

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Davis Polk & Wardwell LLP announced today that Martin Rogers and James Wadham, leading litigators in Asia, will join the firm as partners in Hong Kong. Their arrival extends Davis Polk’s leadership among the elite corporate law firms in Asia with an outstanding litigation capability. Globally, this decision exemplifies Davis Polk’s strategic focus on delivering the best lawyers, providing the most critical advice, to the most sophisticated clients in the world’s major financial centers.

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The Firm is representing an investor group comprised of New China Trust Co. Ltd., China Aviation Industrial Fund and P3 Investments Ltd. in connection with their agreement to purchase up to a 90% stake in International Lease Finance Corporation (ILFC), which is an aircraft leasing company wholly-owned by American International Group, Inc. (NYSE: AIG).

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International law firm Dechert advised PPR S.A., one of the world’s largest luxury group, on its acquisition of Chinese fine-jewelry maker Qeelin Ltd. The acquisition of Qeelin will give PPR strength and depth in its retail and luxury goods business in Asia and Europe, especially in China, a key region for its global growth.

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Simmons & Simmons has continued to expand in China with the appointment of Financial Markets partner Jay Lee, who commenced in the Hong Kong office on 05 December.

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