Paul Hastings LLP, a leading global law firm, announced today that the firm represented China National Bluestar (Group) Co, Ltd. (“Bluestar”) in the issuance by Bluestar Finance Holdings Limited of its US$500 million 3.5% Senior Guaranteed Notes due 2018 and its US$500 million 4.375% Senior Guaranteed Notes due 2020 guaranteed by Bluestar. The Notes are listed on the Hong Kong Stock Exchange. More >>
Tags: Beijing | Hong Kong | ShanghaiWhite & Case Advises IFC and the IFC Global Infrastructure Fund on Equity Investment in China Tian Lun Gas
Global law firm White & Case LLP has advised International Finance Corporation, a member of the World Bank Group, and the IFC Global Infrastructure Fund, a fund managed by the IFC Asset Management Company (AMC), as co-investors on an aggregate US$150 million equity investment in China Tian Lun Gas Holdings Limited More >>
Tags: White & Case LLP | Beijing | Hong KongKirkland & Ellis Advising on China Galaxy Securities US$3.1 Billion Share Placing
Kirkland & Ellis is advising a consortium of placing agents led by Goldman Sachs, China Galaxy International and Nomura in connection with the US$3.1 billion placing of H shares of China Galaxy Securities Co., Ltd. This placing is the largest follow-on offering in China and second largest follow-on offering in Asia in 2015 to date. More >>
Tags: Kirkland & Ellis LLP | Beijing | Hong Kong | ShanghaiDavis Polk Advises Shanda Games on Its Going-Private Acquisition
Davis Polk is advising Shanda Games Limited (“Shanda Games”) in connection with its going-private acquisition for $3.55 per ordinary share or $7.10 per American Depository Share by a consortium consisting of Ningxia Yilida Capital Investment Limited Partnership, Ningxia Zhongyincashmere International Group Co., Ltd., Orient Hongtai (Hong Kong) Limited, Hao Ding International Limited and their respective affiliates. The transaction is subject to customary closing conditions, including approval by the shareholders of Shanda Games and is expected to close in the second half of 2015 More >>
Tags: Davis Polk & Wardwell LLP | Beijing | Hong KongFreshfields advises CITIC on US$10bn strategic investments from CP Group and ITOCHU Corporation
International law firm Freshfields Bruckhaus Deringer has advised CITIC Group and CITIC Limited on the proposed sale and subscription of shares to a consortium of investors formed by CP Group (CPG) and ITOCHU Corporation (ITOCHU), for a cumulative value of US$10.3bn. More >>
Tags: Freshfields Bruckhaus Deringer LLP | BeijingCadwalader Expands Greater China Corporate Practice
Cadwalader, Wickersham & Taft LLP, a leading law firm to global financial institutions and corporations, announces the appointment of a team of three partners and four counsel to its Greater China practice, based in Hong Kong. More >>
Tags: Cadwalader, Wickersham & Taft LLP | Beijing | Hong KongClifford Chance advises BAIC Motor on US$1.42 billion Hong Kong IPO
Leading international law firm Clifford Chance has advised BAIC Motor Corporation Limited on its US$1.42 billion H-share listing on the Hong Kong Stock Exchange. A total of 1.24 billion shares were offered at HK$8.90 per share, raising HK$11.03 billion. Proceeds will be used for investment into production facilities, new car development and to pay down debts. More >>
Tags: Clifford Chance LLP | Beijing | Hong KongFreshfields advises on US$1.17bn PICC P&C rights issue
International law firm Freshfields Bruckhaus Deringer has advised the underwriters on the US$1.17bn rights issue of PICC Property and Casualty Company Limited (PICC P&C).
PICC P&C, the Chinese state-controlled and China’s leading non-life insurer, has issued around 397.8m H-shares at HK$7.46 per share and 844.6m domestic shares at RMB5.92 per share. PICC P&C has raised a total of RMB7.24bn (US$1.17bn) from the rights issue. More >>
Tags: Freshfields Bruckhaus Deringer LLP | Beijing | Hong KongShearman & Sterling Advises on CGN Power’s US$3.2 Billion Hong Kong IPO
Shearman & Sterling advised CGN Power Co., Ltd. (“CGN Power”), the largest nuclear power producer in China, in connection with its primary listing on the Main Board of The Stock Exchange of Hong Kong Limited and global offering with a size of approximately HK$24.5 billion (US$3.2 billion) (or HK$28.0 billion if the over-allotment option is fully exercised). More >>
Tags: Shearman & Sterling LLP | Beijing | Hong Kong | Palo AltoDavis Polk Advises China Cinda Asset Management Co., Ltd. on Its US$230 Million Notes Offering
Davis Polk advised China Cinda Asset Management Co., Ltd. (China Cinda) in connection with a private placement of US$230 million Regulation S guaranteed senior notes issued by China Cinda’s wholly owned subsidiary, China Cinda Finance (2014) II Limited. The notes are guaranteed by China Cinda (HK) Holdings Company Limited, a wholly owned subsidiary of China Cinda, and are supported by a keepwell deed and a deed of equity interest purchase, investment and liquidity support undertaking from China Cinda. More >>
Tags: Davis Polk & Wardwell LLP | Beijing | Hong Kong | London