Baker & McKenzie recently acted as United States and Republic of China counsel to Innolux Corporation (“Innolux”), a Taiwan-listed TFT-LCD total solution manufacturer; and its subsidiary Leadtek Global Group Limited, on the sale of 25,399,753 American Depositary Shares (“ADSs”): representing 50,799,506 ordinary shares (which include ADSs sold pursuant to the exercise of the over-allotment option by the underwriters) of Himax Technologies, Inc. (“Himax”), a Nasdaq-listed fabless manufacturer of advanced display drivers and imaging solutions. The total proceeds of the offering was approximately US$133 million. The offer and sale was registered with the U.S. Securities and Exchange Commission.
Tags: Baker McKenzie | Hong KongWhite & Case Advises on the Slovak Republic’s First Samurai Bond Issue in More Than 15 Years
Global law firm White & Case LLP has acted as deal counsel on the Slovak Republic’s issue of two series of Samurai bonds, denominated in Japanese yen, which have raised JPY 30 billion (approximately US$305.4 million).
Tags: White & Case LLP | Hong KongDavis Polk – Unilever Acquires up to 75% of Hindustan Unilever
Davis Polk is advising Citigroup as financial adviser to Hindustan Unilever Limited in connection with the $5.4 billion open offer by Unilever PLC and Unilever NV for up to 75% of the shares in Hindustan Unilever Limited. The transaction is expected to close in July of 2013.
Tags: Davis Polk & Wardwell LLP | Hong KongDavis Polk – Himax Technologies, Inc. Secondary ADS Offering
Davis Polk advised Himax Technologies, Inc. (Himax) on an SEC-registered secondary offering by selling shareholder Innolux Corporation of 25,399,753 of American Depositary Shares (ADSs) representing 50,799,506 ordinary shares of Himax (including ADSs sold pursuant to the underwriters’ over-allotment option). The total proceeds of the offering were approximately $133.3 million. The ADSs are listed on the NASDAQ Global Select Market under the symbol “HIMX.” Citigroup Global Markets Inc. acted as global coordinator for the offering and Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chardan Capital Markets, LLC and Credit Suisse Securities (USA) LLC acted as joint bookrunners for the offering. Oppenheimer & Co. Inc., Rosenblatt Securities Inc. and Craig-Hallum Capital Group LLC acted as co-managers of the offering.
Tags: Davis Polk & Wardwell LLP | Hong KongQuinn Emanuel Applies to Open Office in Hong Kong, with Addition of Leading International Arbitration Advocate
The firm is pleased to announce that it will open a Hong Kong office, subject to the firm obtaining appropriate regulatory approval. Pending this approval, John Rhie will be joining the firm as managing partner of the Hong Kong office and Chair of the firm’s Asian International Arbitration practice. Current firm partner Carey Ramos will be moving from New York City to join Mr. Rhie in Hong Kong as a senior partner, once the office obtains approval.
Tags: Quinn Emanuel Urquhart & Sullivan, LLP | Hong KongHogan Lovells Advises UBS and Standard Chartered Bank as Co-Financial Advisers on the US$1.63 Billion Dairy Acquisition
Hogan Lovells has advised UBS AG (“UBS”) as lead financial adviser and Standard Chartered Bank (Hong Kong) Limited (“Standard Chartered Bank”) as joint financial adviser to China Mengniu Dairy Company (“Mengniu”) on its voluntary general offer for Hong Kong-listed Yashili International Holdings (“Yashili”), one of the largest domestic pediatric milk formula producers and retailers in China. The cash and share offer values Yashili at HK$12.64bn (US$1.63bn).
Tags: Hogan Lovells | Hong KongSimpson Thacher Represents Underwriters in the US$91.7 Million Registered Follow-on Offering of American Depositary Shares by Giant Interactive Group Inc.
The Hong Kong office of the Firm represented the underwriters in the US$91.7 million registered follow-on offering of 12,650,000 American Depositary Shares (“ADSs”) of Giant Interactive Group Inc. by the selling shareholder. Morgan Stanley acted as the sole global coordinator and bookrunner of the offering.
Tags: Simpson Thacher & Bartlett LLP | Hong KongPaul Hastings Advises Mapletree Greater China on Establishment of US$1.5 Billion Euro Medium Term Securities Programme
Paul Hastings, a leading global law firm, announced today that it represented DBS Trustee Limited (in its capacity as trustee of Mapletree Greater China Commercial Trust) (the “MGCCT Trustee”), Mapletree Greater China Commercial Trust Treasury Company (S) Pte. Ltd. and Mapletree Greater China Commercial Treasury Company (HKSAR) Limited as issuers, and MGCCT Trustee as guarantor in the establishment of a US$1.5 billion Euro Medium Term Securities Programme (the “Programme”).
Tags: Paul Hastings, LLP | Hong KongBaker & McKenzie Advises China Merchants Holdings on Its Acquisition of 49% Interest in Terminal Link for €400 Million
Baker & McKenzie has advised China Merchants Holdings (International) Company Limited (“CMHI”), the largest public port operator in China; on its strategic partnership with CMA CGM, the world’s third largest container shipping company; and its successful acquisition of the 49% equity interest in Terminal Link, a wholly-owned subsidiary of the CMA CGM Group, for €400 million. The deal was announced in January 2013 and was completed on 11 June 2013.
Tags: Baker McKenzie | Hong KongSimpson Thacher Represents China Harmony Auto Holding Limited in Its HK$1.67 Billion (US$215.5 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering
The Firm represented China Harmony Auto Holding Limited in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 275,126,000 ordinary shares, which raised approximately HK$1.67 billion (approximately US$215.5 million) in gross proceeds. China Harmony Auto Holding Limited is a leading dealership group that deals exclusively in luxury and ultra-luxury passenger vehicles in China and operates 25 dealership stores covering 14 cities in China. The ordinary shares of China Harmony Auto Holding Limited are listed on the Hong Kong Stock Exchange. Goldman Sachs acted as the sole global coordinator and Goldman Sachs and CICC acted as the joint bookrunners and joint lead managers and joint sponsors.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong