On October 23, 2012, King & Wood Mallesons advised Cathay Fortune Corporation (CFC), on its combined off-market takeover with the China-Africa Development Fund (CAD Fund) to acquire Discovery Metals Ltd. (DML) for AUD1.70 per share, AUD 824 million (about USD 850 million) in total. DML focuses on developing its key assets of copper exploration and production in northwest Botswana.

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Davis Polk is advising Baidu, Inc. on its acquisition of shares of iQiyi.com held by Providence Equity Partners. The definitive agreement was entered into on November 2, 2012, and the transaction is expected to close in the fourth quarter of 2012. Upon completion, Baidu will have a substantial majority stake in iQiyi.

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Jason Liu recently joined Zhong Lun Law Firm’s Beijing office as partner. Jason Liu focuses on offshore and onshore fund formation, PE/VC investment, Merger and Acquisition, and securities related transactions.

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Linklaters today announces that Pui Hong Chik has been elected a partner in its China corporate practice with effect from 8 October 2012. Pui Hong Chik joins from Baker & Mackenzie where he has been a partner since 2007.

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Simpson Thacher recently represented J.P. Morgan and Nomura in connection with concurrent offerings by TPK Holding Co., Ltd. (“TPK”) of US$230 million Zero Coupon Convertible Bonds due 2017 (the “Bonds”) and US$236.2 million of global depositary shares (the “GDSs”). TPK is a leading touch solution provider with manufacturing facilities in China. TPK’s touch solutions are applied in a large number of market leading smartphones and tablets. The common shares of TPK are traded on the Taiwan Stock Exchange under the trading code “3673”. Both the Bonds and the GDSs are listed on the Luxembourg Stock Exchange.

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Simpson Thacher recently represented J.P. Morgan and Nomura in connection with concurrent offerings by TPK Holding Co., Ltd. (“TPK”) of US$230 million Zero Coupon Convertible Bonds due 2017 (the “Bonds”) and US$236.2 million of global depositary shares (the “GDSs”). TPK is a leading touch solution provider with manufacturing facilities in China. TPK’s touch solutions are applied in a large number of market leading smartphones and tablets. The common shares of TPK are traded on the Taiwan Stock Exchange under the trading code “3673”. Both the Bonds and the GDSs are listed on the Luxembourg Stock Exchange.

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Alibaba Group Holding Limited, China’s largest e-commerce company, announced the completion of its initial repurchase of shares from Yahoo!, which represented one-half of Yahoo!’s 40% stake in Alibaba Group on a fully diluted basis, on 18 September 2012.

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William L. Rosoff has joined Akin Gump Strauss Hauer & Feld LLP as an international corporate transactions partner in the firm’s Beijing office. Mr. Rosoff will serve as partner in charge of the office, replacing Spencer Griffith, who will maintain his strong China trade practice from Akin Gump’s Washington, D.C. office. Mr. Rosoff’s practice focuses on mergers and acquisitions, as well as general corporate, infrastructure and China-related matters.

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Davis Polk is advising Synutra International, Inc. in connection with a long-term industrial and commercial partnership agreement with Groupe Sodiaal SA and Eurosérum SAS, a subsidiary of Sodiaal, pursuant to which Synutra will build a new drying facility in Brittany (France), intended to manufacture powdered milk and fat-enriched demineralized whey for the needs of the Synutra group. This new drying facility, which is anticipated to cost approximately €90 million ($118 million) to build, is expected to be commissioned by year-end 2014 and to employ approximately 75-100 employees. Upon commissioning of the drying facility, Eurosérum and Sodiaal will supply the facility with demineralized liquid whey and milk.

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Morrison & Foerster is pleased to announce that Thomas Yunlong Man has joined the firm’s Beijing office as a partner.

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