Paul Hastings Advises Deutsche Bank on Ayala Corporation’s Block Sale

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.

More >>

Tags:  Paul Hastings, LLP | Hong Kong

Baker & McKenzie Advises China Fishery Group on Its USD300 Million Notes Issue

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.

More >>

Tags:  Baker McKenzie | Hong Kong

Orrick Advises OCI Solar on $1 Billion Solar Installation Deal with CPS Energy

Orrick, Herrington & Sutcliffe LLP has represented OCI Solar Power LLC, a subsidiary of South Korean chemical producer OCI Co. Ltd, in negotiating what will become the largest municipal solar installation in the United States with CPS Energy, San Antonio’s municipal utility. The transaction involved a complex mix of economic development requirements and incentives and development of renewable energy projects.

More >>

Tags:  Orrick, Herrington & Sutcliffe LLP | Hong Kong

Paul Hastings Advises Manager, Trustee-manager and Sponsor on Ascendas Hospitality Trust’s Singapore IPO

Paul Hastings, a leading global law firm, announced today that it advised Ascendas Land International as the sponsor, Ascendas Hospitality Fund Management as the manager and Ascendas Hospitality Trust Management as the trustee-manager on Ascendas Hospitality Trust’s (“Ascendas Hospitality”) offering of its stapled securities on the Singapore Exchange. Ascendas Hospitality is a Singapore-based REIT and the hospitality arm of Ascendas Group, Asia’s leading provider of business space solutions.

More >>

Tags:  Paul Hastings, LLP | Hong Kong

Simpson Thacher Represents Goldman Sachs in an Offering of Secondary Shares Represented by Global Depositary Shares of Parade Technologies, Ltd.

The Hong Kong office of the Firm represented Goldman Sachs International, as initial purchaser, in connection with the US$58.6 million 144A/Reg S offering of global depositary shares by certain shareholders of Parade Technologies, Ltd. (“Parade”). An integrated circuit design company, Parade was one of the first companies to develop display solutions using the high-bandwidth DisplayPort interface standard, which are used in tablet PCs and LCD monitors, and is a leading provider of DisplayPort-based solutions. Parade is a Cayman Islands company with headquarters in Silicon Valley, and its ordinary shares are listed on the GreTai Securities Market in the Republic of China (Taiwan). This transaction was the first offering of Global Depositary Shares of Parade.

More >>

Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Mayer Brown JSM Announces Partner Hire in Hong Kong

Mayer Brown JSM has appointed James Fong as partner in the Corporate & Securities practice. James has over 12 years of experience in handling a wide range of corporate finance transactions including Hong Kong IPOs, listing of exchange traded funds, block trades, rights issue, takeover, private equities, joint ventures and regulatory compliance.

More >>

Tags:  Mayer Brown LLP | Hong Kong