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.

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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.

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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.

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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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