Davis Polk Advises Wumart Stores on Its Proposed Acquisition of Minority Interest and Assets of C.P. Lotus and Issue of New H Shares to C.P. Lotus and Ascendent Capital

Davis Polk is advising Wumart Stores, Inc in connection with its proposed acquisition of a minority interest and assets of C.P. Lotus and proposed issue of shares to C.P. Lotus (the Transactions). The parties signed a framework agreement on October 15, 2013 that contains binding obligations on both parties to negotiate in good faith to enter into definitive documentation in respect of the Transactions. In addition, Wumart and an affiliate of Ascendant Capital Partners I, L.P. entered into a framework agreement in relation to the subscription by Ascendant Capital of H shares in Wumart.

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Tags:  Davis Polk & Wardwell LLP | Beijing

Herbert Smith Freehills Advised on China Merchants Bank $1 Billion Rights Shares Offering in Hong Kong

Herbert Smith Freehills has advised China Merchants Bank on its 680,423,172 H-rights shares issuance which raised approximately US$1 billion in Hong Kong. The bank’s latest H-rights  offering follows its  Shanghai Stock Exchange listing of 2,962,813,544 A-rights shares in September, which raised approximately US$4.5 billion.

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Tags:  Herbert Smith Freehills LLP | Beijing

DLA Piper Appoints Horace Lam to Head China IP Practice

DLA Piper has appointed Horace Lam as partner to its Intellectual Property & Technology Group in Beijing. Horace will also fulfil the role of Head of Intellectual Property, China and brings with him a team of four lawyers. Horace and his team will join DLA Piper in October.

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Simpson Thacher Represents Underwriters on the HK$10.1 Billion (US$1.3 Billion) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering by China Huishan Dairy Holdings Company Limited

The Firm represented the underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by China Huishan Dairy Holdings Company Limited  (Huishan Dairy). Huishan Dairy offered an aggregate of 3,787,596,000 ordinary shares, which raised approximately HK$10.1 Billion (US$1.3 billion) in gross proceeds for Huishan Dairy and the selling shareholders.

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Kirkland & Ellis Opens Beijing Office

Kirkland & Ellis LLP announced today that it is expanding in China and has opened an office in Beijing. The Beijing office is located in China World Office 2 in the heart of Beijing’s Central Business District. As a key component of the Firm’s Greater China practice, the office will focus on complex M&A and private equity transactions, international capital markets transactions, fund formation and government enforcement and investigations.

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Proskauer Expands Private Investment Funds Practice in Asia with Addition of Yong Ren in Beijing

Global law firm Proskauer announced today that Yong Ren has joined the firm’s global Private Investment Funds group as a partner, resident in the Beijing office. Mr. Ren’s extensive private equity fund formation experience, representing both general and limited partners throughout Asia, will further expand the reach of Proskauer’s preeminent private investment funds practice and presence in Asia.

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Tags:  Proskauer Rose LLP | Beijing