Simpson Thacher Represents LightInTheBox Holding Co., Ltd. in its US$90.7 Million Initial Public Offering of American Depositary Shares on the New York Stock Exchange

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.

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Paul 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.

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Paul 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.

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Paul 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.

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Simpson 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.

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