The Firm is representing hiSoft Technology International Limited (“hiSoft”) in connection with its proposed merger with VanceInfo Technologies Inc. (“VanceInfo”). Under the terms of the merger agreement, the companies will be combined in a tax-free, all-stock merger of equals with a combined equity value of approximately US$875 million. VanceInfo and hiSoft shareholders will each own approximately 50% of the combined company. The combined company will continue to be traded on the NASDAQ as hiSoft shares.

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Davis Polk advised Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. International plc, CCB International Capital Limited and Mizuho Securities Asia Limited as initial purchasers in connection with the $500 million Regulation S offering by Sinopec Group Overseas Development (2012) Limited, a wholly owned subsidiary of China Petrochemical Corporation, of its 3.9% senior notes due 2022. The notes are to be consolidated and form a single class of notes with the $1 billion principal amount of 3.9% senior notes due 2022 issued on May 17, 2012.

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David K. Cho, a Hong Kong corporate partner, has joined Dechert as of Wednesday, August 8.  Cho focuses his practice on transactional and finance work, with a particular emphasis on cross-border M&A and U.S. securities. More >>

Davis Polk advised Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. International plc as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $500 million in aggregate principal amount of its 2.25% notes due 2017.

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Dechert LLP announced today that David K. Cho has joined the firm’s Hong Kong office as a partner in the Corporate and Securities practice. Cho was most recently a partner at Orrick, Herrington & Sutcliffe LLP.

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Baker & McKenzie’s Securities team recently acted as Hong Kong, US and Japanese law counsel to the joint global coordinators, joint bookrunners and joint lead managers, Shenyin Wanguo Capital (H.K.) Limited, Piper Jaffray Asia Limited and CITIC Securities Corporate Finance (HK) Limited, on the USD200 milion global offfering by DYNAM Japan Holdings Co., Ltd, one of the biggest pachinko hall operators in Japan, with a presence in 46 out of 47 prefectures in Japan.  The shares commenced trading on The Stock Exchange of Hong Kong Limited on 6 August  2012. More >>

DLA Piper today announces the appointment of Todd Martin Beutler, as partner in the Hong Kong office. With over 15 years of experience with firms in Hong Kong, Singapore and the US, Todd represents high net worth private clients with multinational interests as well as US, Asian and European companies with global operations. In addition to counselling and planning, Todd’s regularly represents clients in tax controversy matters and fiduciary litigation.

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Skadden represented Wynn Resorts (Macau) S.A. in connection with a new US$2.3 billion dual currency secured credit facility. The US$2.3 billion secured credit facility consisted of: (i) a US$750 million equivalent fully funded senior secured term loan facility; (ii) a US$1.55 billion equivalent senior secured term loan facility; and (iii) an option to upsize the total senior secured facilities by an additional US$200 million. Borrowings under the senior secured credit facilities will consist of both Hong Kong dollar and US dollar tranches. The borrowings will be used to refinance Wynn Macau’s existing indebtedness and to fund the design, development and construction of Wynn Macau’s new casino resort in the Cotai area of Macau. The total cost of the Wynn Cotai project is expected to be between US$3.5 – US$4 billion.

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Paul Hastings, a leading global law firm, announced today that it represented Deutsche Bank as the sole bookrunner in Ayala Corporation’s US$155 million (PHP6.45 billion) treasury share block sale. Ayala Corporation is one of the Philippines’ largest conglomerates, with interests in real property, banking, telecommunications, water, infrastructure and energy.

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Baker & McKenzie’s Securities team recently advised the issuer, CFG Investment S.A.C., an indirect wholly-owned Peruvian subsidiary of China Fishery Group Limited, on its offering of 9.75% Senior Notes due 2019 in a principal amount of USD300 million. The Notes are guaranteed by China Fishery Group Limited and certain of its wholly owned subsidiaries. The Notes are listed on the Singapore Exchange Securities Trading Limited.  The Notes have been rated Ba3 by Moody’s Investors Service, Inc., BB– by Standard and Poor’s Ratings Services and BB by Fitch Ratings, Inc.

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