Latham & Watkins represented Citi, China Renaissance and UBS, as the initial purchasers, on the US$600 million convertible bond issuance by Qihoo 360 Technology Co. Ltd. (“Qihoo 360”), a Chinese Internet and mobile security products and services provider, whose ADSs are listed on the New York Stock Exchange. The bonds are convertible into the listed ADSs of Qihoo 360, based on an initial conversion rate of 9.0119 ADS per US$1,000 principal amount of bonds. This initial conversion rate represents an approximately 40% conversion premium over the last reported sale price of the ADSs at the time of pricing.

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Shearman & Sterling is representing Credit Suisse Securities (USA) LLC, financial advisor to the board of directors of Sohu.com Inc. (“Sohu,” NASDAQ: SOHU), in the US$448 million acquisition of a 36.5% interest in Sogou Inc. (“Sogou”) by Tencent Holdings Limited (“Tencent,” SEHK: 00700).

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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.

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Paul Hastings, a leading global law firm, announced today that the firm represented Tenwow International Holdings Limited (“Tenwow International”) in its US$203 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. Deutsche Bank and HSBC were the joint global coordinators and joint sponsors of the offering, and China International Capital Corporation, Deutsche Bank and HSBC were the joint bookrunners and joint lead managers of the offering.

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Baker & McKenzie is advising Beijing Enterprises Water Group Limited on its RMB 955 million acquisition of nine raw water, water treatment, water supply and sewage treatment projects, four of which are located in Jiangsu and Zhejiang provinces, one in Fujian province, and four projects in Shandong province in the PRC, from Salcon Berhad, a company listed on the main market of Bursa Malaysia Securities Berhad, and its joint venture company, Salcon Water (Asia) Limited.

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The Firm recently represented Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited, The Korea Development Bank and Woori Investment & Securities Co., Ltd., as underwriters, in connection with The Republic of Korea’s US$1.0 billion takedown offering of 3.875% Notes due 2023 under its shelf registration program on Schedule B registered with the U.S. SEC.

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Dechert represented OCI Resources LP on its master limited partnership initial public offering (IPO) and listing on the New York Stock Exchange on September 13, 2013. The initial public offering of 5,000,000 common units represents limited partner interests in the Partnership at a public offering price of $19.00 per common unit.

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Earlier this year, Hong Kong property developer and long-standing client of the firm, Wing Tai Properties Limited, engaged Herbert Smith Freehills for advice on a US$464 million (HK$3.6 billion) financing deal for the development of a 318,076 sqft. residential development in Sha Tin, New Territories, Hong Kong. Following the successful closing of that transaction in March, the firm was again instructed to advise on another of the developer’s financing transaction—a US$224 million (HK$1.74 billion) financing for a plot of land adjacent to the client’s initial purchase in Sha Tin.  The lender on both transactions—Bank of China (Hong Kong) Limited—was advised by Mayer Brown JSM.

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Bankruptcy lawyer David Kidd was recruited by international law firm Linklaters this week, according to a firm press release.  The Hong Kong attorney will start the new job next month.

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Linklaters today announces that Gavin Lewis is to join the firm as a partner in the firm’s litigation practice and will be based in Hong Kong. Gavin will join from Herbert Smith Freehills.

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