HSF Advises on the HK$3.97 Billion IPO of Fosun Pharma

Herbert Smith Freehills has advised UBS AG, China International Capital Corporation, J.P. Morgan Securities (Asia Pacific) Limited, Deutsche Bank AG, Agricultural Bank of China International and Haitong International as underwriters on the HK$3.97 billion (US$509 million) initial public offering (IPO) of Shanghai Fosun Pharmaceutical Group Co. Ltd (“Fosun Pharma”) on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering on 30 October, 2012. The deal marks one of the largest IPOs in the world’s pharmaceutical industry since June 2011 and one of the few recent significant new listings in Hong Kong since July this year.

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Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

Paul Hastings Represents Franshion Properties on Issuance of US$500 Million Guaranteed Notes

Paul Hastings, a leading global law firm, announced today that it advised Franshion Properties (China) Limited (“Franshion Properties”), a Hong Kong-listed PRC property company and subsidiary of state-owned Sinochem Corporation, on its US$500 million U.S. bond offering. The Royal Bank of Scotland, Deutsche Bank, J.P. Morgan Securities and Standard Chartered Bank were the joint lead managers on the deal.

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Tags:  Paul Hastings, LLP | Hong Kong

Simpson Thacher Represents Citigroup in $105 Million Offering of Global Depositary Shares by E.SUN Financial Holding

Simpson Thacher recently represented Citigroup in connection with the offering by E.SUN Financial Holding Company, Ltd. of US$105 million global depositary shares. E.SUN is a leading financial holding company in Taiwan. Its common shares are traded on the Taiwan Stock Exchange under the trading code “2884”. The global depositary shares are listed on the Luxembourg Stock Exchange.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Simpson Thacher Represents Initial Purchasers in US$500 Million Senior Capital Securities Offering by Doosan Infracore Co., Ltd.

The Firm represented Citigroup Global Markets Limited, J.P. Morgan Securities plc, The Korea Development Bank and Woori Investments & Securities Co., Ltd., as initial purchasers, in connection with an offering of US$500 million aggregate principal amount of 3.250% senior capital securities (the “Securities”) by Doosan Infracore Co., Ltd. (“Doosan Infracore”). The Securities, issued in the form of perpetual hybrid bonds, are structured to give a put option to the investors upon the occurrence of certain defined events. The put option is backed by credit enhancement provided by a syndicate of commercial banks. This was the first hybrid perpetual bonds offering by a corporate issuer in Korea.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong