The Firm represented Deutsche Bank, HSBC and China International Capital Corporation as underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Tenwow International Holdings Limited (Tenwow International). Tenwow International offered an aggregate of 500,000,000 ordinary shares, which raised approximately HK$1.58 billion (approximately US$203 million) in gross proceeds. Tenwow International is a leading food and beverage producer and one of the largest distributors of packaged food and beverages in China. The ordinary shares of Tenwow International are listed on the Hong Kong Stock Exchange. Deutsche Bank and HSBC acted as joint global coordinators and joint sponsors, and Deutsche Bank, HSBC and CICC acted as joint bookrunners and joint lead managers.
The Simpson Thacher team for the transaction included Chris Wong, Chris Lin, and Felicia Lai (Corporate) and Robert Holo and Jodi Sackel (Tax). Marjory Ding and Yi Gao provided valuable assistance.
