The Firm recently represented the initial purchasers, led by Goldman Sachs (Asia) L.L.C., Deutsche Bank AG, Singapore Branch and Barclays Bank PLC, in the offer and sale of $600 million of 3.375% Senior Notes due 2018 of Tencent Holdings Limited, a Cayman Islands company, pursuant to Rule 144A and Regulation S. The notes were rated BBB+ by S&P and Baa1 by Moody’s.

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Holman Fenwick Willan’s Sydney head David Coogans is moving to Hong Kong to join Howse Williams Bowers, a firm established earlier this year by three of Reed Smith Richards Butler’s founding partners in Hong Kong.

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Paul Hastings, a leading global law firm, announced today that it advised China Everbright International Limited (“China Everbright”), a Hong Kong-listed company focusing on environmental protection and alternative energy businesses in China, and its controlling shareholder Guildford Limited, on China Everbright’s US$162 million top-up placement. J.P. Morgan was the sole placing agent. China Everbright plans to use the net proceeds for the development of its environmental protection business and for general working capital.

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Davis Polk advised Deutsche Bank AG, Hong Kong Branch and Credit Suisse (Hong Kong) Limited as (i) placing agents in connection with the Rule 144A placement of 443,248,000 existing shares and subscription of 443,248,000 new shares in China Power International Development Limited (CPIDL) and (ii) joint underwriters and joint bookrunners in connection with the Regulation S offering by CPIDL of RMB1,140 million USD-settled 2.75% convertible bonds due 2017.

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International law firm Freshfields Bruckhaus Deringer has advised China Telecom Corporation Limited (China Telecom) on its proposed acquisition of CDMA network assets and associated liabilities held by its parent company, China Telecommunications Corporation

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The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and the management of Unisteel Technology International Limited (“Unisteel”) in connection with the sale of Unisteel to SFS intec, a wholly owned subsidiary of SFS Group. The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2012. Financial terms were not disclosed.

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Davis Polk advised ICICI Bank Limited, acting through its Dubai branch, in connection with a Rule 144A/Regulation S offering of $750 million aggregate principal amount of 4.7% notes due 2018. Citigroup Global Markets Limited, The Hongkong and Shanghai Banking Corporation Limited, J.P. Morgan Securities plc, Merrill Lynch International and Standard Chartered Bank were the joint lead managers and dealers for the offering.

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Hogan Lovells has advised Australia and New Zealand Banking Group Limited (“ANZ“) on two financing deals with a combined value of HK$2.5 billion.

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Davis Polk advised Morgan Stanley & Co. International Plc in its capacity as placing agent for the placement of 2,041,287,000 new shares allotted and issued by G-Resources Group Limited (G-Resources) for a total consideration of approximately HK$776 million.

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Mayer Brown JSM advised Swire Resources Ltd. on the formation of a multi-million retail joint venture in China with Columbia Sportswear Co. The formation of the joint venture is the culmination of the long-standing relationship between Swire Resources Ltd. and Columbia Sportswear Co. Swire Resources Ltd., a subsidiary of Hong Kong–based conglomerate Swire Pacific Ltd., has been the exclusive independent distributor of Columbia and Mountain Hardwear–branded products in China and Hong Kong since 2004.

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