Paul Hastings Advises on Shuanghui International’s US$2.5 Billion General Offer

Paul Hastings, a leading global law firm, announced today that it represented Shuanghui International Holdings Limited (“Shuanghui International”) and its subsidiaries (collectively, the “Shuanghui Group”), including Henan Shuanghui Investment Development Co. Ltd. (“Shuanghui Investment”) which is an A-share company listed on the Shenzhen Stock Exchange, in one of the largest public company merger and acquisition transactions in China. The Shuanghui Group is a large-scale food processing company in China whose major shareholders include CDH Investments, Goldman Sachs, Temasek (the Singapore government’s investment firm) and New Horizon (a leading China-focused private equity fund).

More >>

Tags:  Paul Hastings, LLP | Hong Kong

Davis Polk Advises New China Life Insurance Company Ltd. on Its US$1.9 Billion Initial Public Offering

Davis Polk advised New China Life Insurance Company Ltd. (NCI) on its US$1.9 billion initial public offering (IPO), including a global offering of H shares, consisting of an initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S, and a concurrent offering of A shares listed on the Shanghai Stock Exchange. The IPO, with total proceeds of nearly US$2.1 billion if the over-allotment option is fully exercised, is one of the largest initial public offerings of PRC companies and the only concurrent A + H shares offering in 2011.

More >>

Tags:  Davis Polk & Wardwell LLP | Hong Kong

Herbert Smith Advises China Outfitters Holdings Limited on Its HK$1.13 Billion IPO

International law firm Herbert Smith has recently advised China Outfitters Holdings Limited (“China Outfitters”; HK Stock Code: 1146) on the HK$1.13 billion (US$145 million) listing of its shares on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering. The IPO was completed on 9 December 2011.

More >>

Tags:  Herbert Smith Freehills Kramer LLP | Hong Kong

Linklaters Advises on First Offshore RMB Bond Issue by a PRC Corporate

Linklaters has advised on the first offshore RMB bond issue by a PRC corporate. The groundbreaking RMB 3.6bn three-tranche dated senior unsubordinated debut issue of  Baosteel Group Corporation, a Fortune Global 500 company with one of the highest ratings among PRC corporates (A3 by Moody’s, A by S&P and A – by Fitch) is also the largest ever offshore RMB corporate bond offering to date, illustrating the depth of the rapidly expanding offshore RMB bond market.

More >>

Tags:  Linklaters LLP | Hong Kong