Chinese metallic wire manufacturer Fushi Copperweld Inc. announced that is has agreed to be taken private by an investment group led by its co-chief executive, Li Fu, and private equity firm Abax Global Capital (Hong Kong) Ltd. for $364 million. The per share price of $9.50 represents a 21 percent premium on the stock’s closing price on June 28.

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Leading international law firm Clifford Chance has advised on two deals involving the issuance of bonds for the Export-Import Bank of Malaysia Berhad (MEXIM Bank) and PTTEP Canada International Finance Limited.

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Village Roadshow Entertainment Group (VREG) has announced it has obtained $275 million of new funding in a six-year mezzanine debt and equity arrangement provided by Trinity Opportunities Limited (Trinity). The facility was arranged by VREG in partnership with Hong Kong-based Shikumen Capital Management (HK) Limited (SCM).

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David Renton is joining us as partner in our international energy sector group and corporate practice group. He is the eighth new partner to our Asian offices so far this year and will be based in our Hong Kong office.

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Paul Hastings, a leading global law firm, announced today that it represented CITIC Securities, UBS and Bank of America Merrill Lynch as the Joint Global Coordinators in Huadian Fuxin Energy Corporation Limited’s (“Huadian Fuxin”) US$319 million global offering and listing of its H-shares on the Hong Kong Stock Exchange. The transaction comprised a Hong Kong public offering and a Reg S/Rule 144A international offering.

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The Hong Kong office of the Firm represented the underwriters, led by Citibank Global Markets Limited, DBS Bank Limited, Merrill Lynch Far East Limited and Standard Chartered Bank, in the offering of US$188 million principal amount of Zero Coupon Convertible Bonds (the “Bonds”) by Zhen Ding Technology Holding Limited (“Zhen Ding”). Zhen Ding is a leading designer and manufacturer of printed circuit boards to leading brand name customers. The common shares of Zhen Ding are traded on the Taiwan Stock Exchange under the trading code “4958”. The Bonds are listed on the Singapore Stock Exchange.

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Herbert Smith has recently advised J.P. Morgan Securities (Asia Pacific) Limited as the sole bookrunner on the placement by Mr. Chen Fashu, a prominent entrepreneur in China, of up to 32,000,000 H shares in the capital of Tsingtao Brewery Company Limited at a placing price of HK$47.00 per share.

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Davis Polk advised Novast Holdings Limited in connection with its strategic partnership with Eli Lilly and Company. The parties entered into a license and supply agreement, pursuant to which Novast granted Lilly an exclusive license to commercialize certain pharmaceutical products in People’s Republic of China, Hong Kong and Macau. Novast has committed to set up a platform to support Lilly-branded generic products and increase the manufacturing capacity at its Nantong site over the next several years, with Lilly providing technical support to enhance quality standards. Lilly also made a new investment in Novast and increased its equity position in Novast by $20 million.

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Paul Hastings, a leading global law firm, announced today that it represented Mapletree Treasury Services Limited and Mapletree Treasury Services (HKSAR) Private Limited as issuers (the “Issuers”) and Mapletree Investments Pte Ltd. as guarantor (the “Guarantor”) on the establishment of a US$3 billion guaranteed Euro Medium Term Note Programme by the Issuers (the “EMTN Programme”). The Guarantor is a leading Asia-focused real estate developer and capital management company headquartered in Singapore with SGD19.9 billion assets under management.

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International law firm Freshfields Bruckhaus Deringer has advised LME Holdings Limited, the parent company of The London Metal Exchange Limited (the “LME”), on the £1,388bn recommended cash offer for its entire issued and outstanding ordinary share capital by a wholly- owned subsidiary of Hong Kong Exchanges & Clearing Ltd (“HKEx”) (the “Transaction”). The Transaction brings together the LME, the world’s leading non-ferrous base metals exchange trading venue with the leading operator of exchanges and clearing houses in Asia.

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