The Hong Kong office of the Firm represented LightInTheBox Holding Co., Ltd. (“LightInTheBox”) in connection with its initial public offering and listing on the New York Stock Exchange of 9,545,000 American Depositary Shares, each representing two ordinary shares. LightInTheBox and its selling shareholders raised a total of US$90.7 million in gross proceeds from the offering, after the exercise of the underwriters’ over-allotment option. Credit Suisse Securities (USA) LLC and Stifel, Nicolaus & Company, Incorporated acted as the joint bookrunners for the offering. This transaction is the first US IPO of a Chinese company in 2013.
Tags: Simpson Thacher & Bartlett LLP | Hong KongWhite & Case Appoints New Hong Kong Partner in Expansion of Its China M&A and Capital Markets Practices
Global law firm White & Case LLP announced today that Julian Chung has joined the Firm as a partner in its Hong Kong office.
Tags: White & Case LLP | Hong KongLinklaters Boosts Pan-Asia Antitrust Practice with Senior Partner Hire
Linklaters today announces that leading antitrust lawyer Clara Ingen-Housz has been elected as a partner in its pan-Asian anti-trust practice, based in Hong Kong. Clara will join from Baker & McKenzie in early October.
Tags: Linklaters | Hong KongPaul Hastings Represents Underwriters in Wuzhou International’s Hong Kong IPO
Paul Hastings, a leading global law firm, announced today that it represented BOCOM International (Asia) Limited and Macquarie Capital Securities Limited as the joint sponsors, BOCOM International Securities Limited and Macquarie Capital Securities Limited as the joint global coordinators, and BOCOM International Securities Limited, First Shanghai Securities Limited, GF Securities (Hong Kong) Brokerage Limited and Macquarie Capital Securities Limited as the joint bookrunners and joint lead managers in Wuzhou International Holdings Limited’s (“Wuzhou International”) US$178 million global initial public offering and listing on the Main Board of the Hong Kong Stock Exchange.
Tags: Paul Hastings, LLP | Hong KongHerbert Smith Freehills Advises on Huaneng’s US$400 Million Bond
Herbert Smith Freehills has advised Huaneng Hong Kong Capital Limited on its US$400 million dollar sale of five-year 3.375% bonds.
Tags: Herbert Smith Freehills LLP | Hong KongPaul Hastings Represents China Everbright International Limited in IFC Term Loan
Paul Hastings, a leading global law firm, announced today that it represented China Everbright International Limited (“Everbright International”), a Hong Kong-listed company focusing on the development of environmental protection businesses, in relation to its US$70 million term loan facilities from International Finance Corporation (“IFC”) to a wholly-owned subsidiary of Everbright International engaging in the business of waste water treatment and other types of water projects.
Tags: Paul Hastings, LLP | Hong KongPaul Hastings Advises CLSA Limited on Ayala Corporation’s Block Sale
Paul Hastings, a leading global law firm, announced today that it represented CLSA Limited as the sole placing agent in Ayala Corporation’s approximately US$79 million (PHP3.4 billion) treasury share block sale. Ayala Corporation is one of the Philippines’ largest conglomerates, with interests in real property, banking, telecommunications, water, infrastructure and energy.
Tags: Paul Hastings, LLP | Hong KongAkin Gump Advises CITIC PE in Buyout of Chinese Biotech Firm 3SBio
Akin Gump has advised CITIC PE, a private equity fund associated with a unit of China’s CITIC Private Equity Funds Management Co., Ltd., in its successful buyout of Chinese biotech firm 3SBio Inc. CITIC PE formed a consortium with the management team of 3SBio Inc. in connection with the transaction.
Tags: Akin Gump Strauss Hauer & Feld LLP | Hong KongBaker & McKenzie Advises Regal Real Estate Investment Trust on Its Notes Issuance
Baker & McKenzie has advised Regal Real Estate Investment Trust (“Regal REIT”) on its issuance of US$150 million 4.10% guaranteed notes due 2018 (“Notes”) pursuant to the establishment of its US$1 billion medium term note programme (“MTN Programme”) in January 2013.
Tags: Baker McKenzie | Hong KongSimpson Thacher Represents Vingroup in Connection with Strategic Investment by Warburg Pincus in Vincom Retail
The Firm is representing Vingroup Joint Stock Company, Vietnam’s largest private-sector real estate operator, in connection with definitive agreements by a consortium led by an affiliate of Warburg Pincus to make a $200 million investment in Vincom Retail. The definitive agreements also include a commitment from Warburg Pincus to participate in future capital raising by Vingroup in an amount of up to US$25 million, and an opportunity for the consortium to invest an additional US$100 million in Vincom Retail to expand the platform and explore future retail property-related opportunities.
Tags: Simpson Thacher & Bartlett LLP | Hong Kong