Herbert Smith Freehills Advises on China Taiping Captial’s US$300m Bond Issuance

Herbert Smith Freehills has recently advised BOCI Asia Limited, Citigroup Global Markets Limited and J.P. Morgan Securities plc as the Joint Lead Managers on the issuance of US$300 million 4.125% guaranteed notes due 2022 by China Taiping Capital Limited, a wholly-owned subsidiary of China Taiping Insurance Holdings Company Limited, an insurance conglomerate incorporated and headquartered in Hong Kong. The transaction closed on 21 November 2012.

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Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

Simpson Thacher Represents Woori-Blackstone Fund in its Minority Investment in NS Shopping

The Firm represented Woori Blackstone Korea Opportunity Private Equity Fund I, a Korean private equity fund operated under joint general partnership between The Blackstone Group and Woori Private Equity, in its minority investment in NS Shopping Co., Ltd., the 5th largest home shopping company in Korea. The investment was jointly made with Shinhan BNP Paribas Asset Management Co., Ltd.

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Simpson Thacher Represents Joint Placement Agents in Convertible Preference Shares Placement by Alibaba Group

Simpson Thacher recently represented Credit Suisse (Hong Kong) Limited and Morgan Stanley Asia Limited as joint placement agents in connection with the private placement of convertible preference shares by Alibaba Group Holding Limited, which raised approximately $1.8 billion. The placement of convertible preference shares was part of a financing package that is the largest private financing for a private sector Chinese company, and the largest ever non-LBO private financing for a technology company globally.

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Loeb & Loeb’s Capital Markets and Corporate Teams Ramp Up Deal Activity in Asia

Law firm Loeb & Loeb LLP, which opened an office in Hong Kong in October in association with Pang & Co., has already closed two significant Hong Kong initial public offerings for Pegasus Entertainment Holdings Limited and Sunley Holdings Limited. These transactions are two of just four IPOs that have closed in the region in the last two months.

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Herbert Smith Freehills Advises CNOOC on Its Heads of Agreement to Acquire QCLNG Stake and New LNG Supply

Herbert Smith Freehills has recently advised China National Offshore Oil Corporation (CNOOC) on its entry into a Heads of Agreement (HOA) with BG Group for the acquisition of major interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93 billion and the sale of liquefied natural gas (LNG) from BG Group’s global LNG portfolio. Fully-termed transaction agreements are expected to be executed in the first half of 2013, and upon closing, CNOOC will reimburse BG Group for its share of QCLNG project capital expenditures incurred from 1 January 2012.

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King & Wood Mallesons Advises BG Group on Landmark Chinese LNG Investment Agreement

King & Wood Mallesons had advised BG Group on its entry into a Heads of Agreement (HOA) for the sale of certain interests in the Queensland Curtis LNG (QCLNG) project to China National Offshore Oil Corporation (CNOOC) for $1.93 billion (marking one of China’s biggest recentinvestments into Australia), and the sale of liquefied natural gas (LNG) from BG Group’s global LNG portfolio. Fully-termed transaction agreements are expected to be executed in the first half of 2013 and, on closing, CNOOC will reimburse BG Group for its share of QCLNG project capital expenditures incurred from 1 January 2012.

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Morrison & Foerster Represents Fosun Pharma in IPO

Morrison & Foerster is representing Shanghai Fosun Pharmaceutical (Group) Co., Ltd. in its US$512 million initial public offering on the Hong Kong Stock Exchange today. Fosun Pharma is the third largest Hong Kong IPO deal this year, and the first significant successful new listing since July. UBS AG, China International Capital Corp., J.P. Morgan and Deutsche Bank AG acted as the joint global coordinators in the deal.

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