Global law firm K&L Gates has advised Robinsons Retail Holdings Inc. on its successful initial public offering and listing on the Philippine Stock Exchange. The offering, which closed on November 11, raised US$622 million (prior to the exercise of the over-allotment option) and is one of the largest-ever IPOs in the Philippines.
Tags: K&L Gates LLP | Hong KongDavis Polk – Evergrande Real Estate Group Limited High Yield Notes Reopening Offering
Davis Polk advised China Merchants Securities (HK) Co., Limited, J.P. Morgan Securities plc, Deutsche Bank AG, Singapore Branch, Credit Suisse Securities (Europe) Limited and UBS AG, Hong Kong Branch as initial purchasers of a Rule 144A/Regulation S offering by Evergrande Real Estate Group Limited of $500 million aggregate principal amount of the company’s 8.75% additional senior notes due 2018. The additional notes will be consolidated and form a single series with the 8.75% senior notes due 2018 issued by the company on October 30, 2013.
Tags: Davis Polk & Wardwell LLP | Hong KongExperienced International Corporate Lawyer Joins Latham & Watkins in Hong Kong
Latham & Watkins LLP is pleased to announce that Benjamin Carale has joined the firm’s Hong Kong office as counsel in the Corporate Department. Carale has extensive experience in corporate and finance transactions, including international capital markets transactions. He has represented issuers and underwriters in international bond and equity issuances, including MTNs, IPOs, top-up equity placements, rights offerings and block trades.
Tags: Latham & Watkins LLP | Hong KongKennedys Strengthens Asia-Pacific with New Partner Duo
Paul Hastings Advises Underwriters on Travellers’ US$405 Million Philippine IPO
Paul Hastings, a leading global law firm, announced today that it advised the international underwriters on the US$405 million initial public offering by Travellers International Hotel Group, Inc. (“Travellers”) and the listing of its shares on the Philippine Stock Exchange. Travellers, a joint venture between Genting Hong Kong Limited and Philippine conglomerate Alliance Global Group, Inc., is the developer and operator of Resorts World Manila, the first integrated tourism resort in the Philippines. The IPO proceeds will be used to expand Resorts World Manila.
Tags: Paul Hastings, LLP | Hong KongDavis Polk Advises China Vanke on Its Issue of S$140 million 3.275% Guaranteed Notes Due 2017 under Its US$ 2 billion MTN Programme
Davis Polk advised Bestgain Real Estate Lyra Limited, a wholly owned subsidiary of China Vanke Co., Ltd. (China Vanke), in connection with its Regulation S issue of S$140 million 3.275% guaranteed notes due 2017 under its US$2 billion medium-term note program. The notes were guaranteed by China Vanke’s wholly owned subsidiary Vanke aReal Estate (Hong Kong) Company Limited and supported by a keepwell deed and an equity purchase undertaking from China Vanke.
Tags: Davis Polk & Wardwell LLP | Hong KongBaker & McKenzie Advises on HK$1,525 Million Financing for Hui Xian REIT
Baker & McKenzie acted as counsel to DB Trustees (Hong Kong) Limited, in its capacity as the trustee of Hui Xian Real Estate Investment Trust (“Hui Xian REIT”), on the HK$1,525 million term loan facility for Hui Xian REIT. The term loan facility will be used to fund the repayment of existing loan facilities and for general corporate funding needs, including financing future acquisitions.
Tags: Baker McKenzie | Hong KongAddleshaw Goddard Accelerates Growth in Greater China – New Hires in Hong Kong
Addleshaw Goddard is expanding its Corporate and Litigation capability in Greater China with the arrival today of Nigel Francis, former Head of Litigation and Employment at Minter Ellison, as head of its associated Hong Kong law firm operations, and the appointment of five additional senior hires.
Tags: Addleshaw Goddard LLP | Hong KongDavis Polk – Evergrande Real Estate Group Limited $1 Billion 8.75% Senior Notes Due 2018 Offering
Davis Polk advised Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities plc, Deutsche Bank AG, Singapore Branch and China Merchants Securities (HK) Limited, as initial purchasers of a Rule 144A/Regulation S offering by Evergrande Real Estate Group Limited of $1 billion aggregate principal amount of its 8.75% senior notes due 2018.
Tags: Davis Polk & Wardwell LLP | Hong KongSimpson Thacher Represented Underwriters in the HK$1.65 Billion (US$212 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering by Hydoo International Holding Limited
The Firm represented the underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Hydoo International Holding Limited (Hydoo International). Hydoo International offered an aggregate of 768,256,000 shares, which raised approximately HK$1.65 Billion (US$212 Million) in gross proceeds for Hydoo International. Hydoo International is a leading developer and operator of large-scale trade centers comprising commercial complex, exhibition and conference centers, office space, warehouse, logistics facilities and residential building in China, with a focus in third- and fourth-tier, and selected second-tier, cities. It is the second largest developer and operator of large-scale trade centers in terms of number of large-scale trade centers in China. The shares of Hydoo International are listed on the Hong Kong Stock Exchange. UBS and Morgan Stanley acted as joint global coordinators, joint bookrunners, joint lead managers and joint sponsors; and ABCI, CIMB, CMS, ICBCI and BOCOM International acted as joint bookrunners and joint lead managers.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong