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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Paul Hastings, a leading global law firm, announced today that it represented Sino-Ocean Land Holdings Limited (“Sino-Ocean Land”), one of the leading property developers in China whose shares are listed on the Hong Kong Stock Exchange, on a 3-year multi-currency term loan facility in the principal amount of approximately US$600 million-equivalent, with US dollar, HK dollar and RMB tranches.

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Paul Hastings, a leading global law firm, announced today that it represented Samsung Electronics Co., Ltd., a world leader in advanced semiconductor solutions, on its acquisition of Sweden’s Nanoradio AB, a developer of ultra low power Wireless LAN chipsets for high-speed wireless access in mobile phones.

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Hogan Lovells has advised a consortium of banks on the sale of First Engineering Limited (“First Engineering“) to Australia-based private equity firm Anchorage Capital Partners (“Anchorage“), including advising Mizuho Corporate Bank, one of the selling banks, in connection with the financing being provided to Anchorage for the acquisition.

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Sidley Austin successfully represented Petron Corporation, the Philippines’ largest oil refining and marketing company and a subsidiary of San Miguel Corporation, in connection with the financing of its US$577.3 million acquisition of ExxonMobil’s downstream oil business in Malaysia.

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International law firm Freshfields Bruckhaus Deringer has advised China United Network Communications Group, the parent company of China Unicom (Hong Kong) Limited, on its proposed acquisition of part of Telefónica’s shareholding in China Unicom.

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Orrick, Herrington & Sutcliffe is pleased to announce the arrival of two new China Corporate Group partners, Mathew Lewis and Seung Chong, further strengthening the breadth and depth of the firm’s market-leading capital markets and M&A capabilities in the region.

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International law firm Simmons & Simmons has advised Chinese state owned enterprise, Chinatex Corporation (Chinatex), on the subscription of 34% shares in Fountain Set (Holdings) Limited for HK$511 million and the application to the Securities and Futures Commission for a whitewash waiver.  Fountain Set (Holdings) Limited is engaged in the textile and garment business and is listed on the Hong Kong Stock Exchange.

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