Paul Hastings Advises the Underwriters in Haitong Securities’ US$1.68 Billion IPO

Paul Hastings, a leading global law firm, announced today that it advised Haitong International, J.P. Morgan, Credit Suisse, Deutsche Bank, Citigroup, UBS, HSBC, Nomura, Standard Chartered, BOCOM International and other underwriters in Haitong Securities Co. Ltd.’s (“Haitong”) US$1.68 billion Hong Kong Initial Public 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. It also has a 15% over-allotment option which could increase the total deal size to as much as US$1.9 billion if exercised in full.

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Tags:  Paul Hastings, LLP | Hong Kong

Sidley Acts on IPO for GT Capital Holdings Inc., One of the Largest in the Philippines and the First in 2012

Sidley Austin has successfully represented GT Capital Holdings Inc. (“GT Capital”), a major Philippine conglomerate with interests in market-leading businesses across banking, real estate development, power generation, automotive and life insurance, in one of the largest initial public offerings (“IPO”) on the Philippine Stock Exchange. The IPO, listed on April 20, was comprised of both a domestic retail and international institutional offering and raised approximately PhP 18.8 billion (US$439.6 million).

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Davis Polk Advises on Chalco’s Acquisition of a Stake in Winsway

Davis Polk is advising Mr. Wang Xingchun, the chairman and controlling shareholder of Winsway Coking Coal Holdings Limited, on his disposal of a 29.9% interest in Winsway to Aluminum Corporation of China Limited (Chalco) in a transaction valued at HK$2.39 billion (approximately $307 million). After the completion of the acquisition, which is subject to certain conditions, including regulatory and shareholder approvals, Chalco will become the single-largest shareholder of Winsway.

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Tags:  Davis Polk & Wardwell LLP | Hong Kong

Clifford Chance’s Hong Kong Corporate Practice Advises on Temasek’s US$2.3 Billion Acquisition of ICBC Shares Held by Goldman Sachs

Leading international law firm Clifford Chance has advised Temasek Holdings (Private) Limited on its US$2.3 billion acquisition of the H shares of Industrial and Commercial Bank of China Limited (ICBC) held by The Goldman Sachs Group, Inc. This is the Hong Kong Corporate team’s most recent transaction in a series of headline deals since January totalling over US$7 billion.

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Tags:  Clifford Chance LLP | Hong Kong