December 2, 2013 … Global law firm White & Case LLP has advised China Development Bank Corporation on its US$800 million loan facility provided to Volvo Personvagnar AB. (more…)
Appleby acted as Cayman counsel for Huaxi Holdings Company Limited (Huaxi Holdings) in relation to its listing on the Main Board of the Hong Kong Stock Exchange on 6 December 2013, with gross proceeds of approximately HK$111 million. (more…)
Leading international law firm Clifford Chance has advised China Life Trustees, a wholly owned subsidiary of China Life Insurance (Group) Company Limited, on its acquisition of Lot 126, Taipingqiao property development project in Shanghai. The acquisition is structured as a share purchase from Taipingqiao Holding Company Limited, a platform holding company of China Xintiandi Holding Limited, and a purchase of intercompany loan from Shui On Development (Holding) Limited. The total consideration for the acquisition is estimated to be RMB3.32 billion. The sale and purchase agreement was signed on 4 December 2013. (more…)
Davis Polk advised ICICI Bank Limited, acting through its Dubai branch, in connection with a Rule 144A/Regulation S offering of $750 million aggregate principal amount of 4.8% notes due 2019. Barclays Bank PLC, Citigroup Global Markets Inc., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Standard Chartered Bank were the joint lead managers and dealers for the offering (more…)
Davis Polk advised China Mengniu Dairy Company Limited in connection with its Regulation S only English law offering of $500 million 3.5% bonds due 2018. Mengniu is a leading dairy product manufacturer in China and offers a wide range of dairy products, including liquid milk products (such as UHT milk, milk beverages and yogurt), ice cream and other dairy products (such as pediatric milk formula and cheese) (more…)
The Australian Competition and Consumer Commission (ACCC) today announced that it will not oppose the proposed acquisition of certain assets of Lloyds International Pty including Capital Finance Australia Limited (CFAL) and BOS International (Australia) Limited (BOSI) (Lloyds) by Westpac Banking Corporation (Westpac) (more…)
Mayer Brown JSM today announced that it has advised Goldpac Group Limited (Goldpac), a leading supplier of financial cards in Greater China, on its global offering and listing of shares on the Hong Kong Stock Exchange, raising approximately US$160 million (if green shoe is exercised in full) (more…)
Pinsent Masons has advised the Sponsor (Quam Capital Limited) and the Underwriters, on the HK$72 million (equivalent to approximately £5.7 million) placing of shares and listing of China Binary Sale Technology Limited (“China Binary”) on the Growth Enterprise Market of the Hong Kong Stock Exchange (more…)
The Firm recently represented the international managers in connection with the initial public offering of AEON REIT Investment Corporation on the Tokyo Stock Exchange, which included an international offering pursuant to Regulation S. The offering raised ¥91.3 billion (approximately $900 million) for the issuer, which was used together with bank financing to acquire an initial portfolio of large-scale retail facilities from the Aeon Group. Nomura, Mizuho and J.P. Morgan acted as international joint lead managers for the offering.
The Simpson Thacher team for the offering included Alan Cannon, A. Reid Monroe-Sheridan and Hiro Senda (Capital Markets).
Stamford Law advised leading China-based property developer Guangzhou R&F Properties Co., Ltd., which has H-shares listed on the Mainboard of the Hong Kong Stock Exchange, in the RM4.50 billion acquisition from Sultan Ibrahim Johor – making this a record deal. Sultan Johor is the Vendor of approximately 116 acres of land in Johor Bahru, State of Johor, Malaysia, and this comprises of 4 plots of vacant freehold land and 2 plots of reclaimed freehold land for an aggregate consideration of RM4.50 billion, payable subject to certain conditions, in four instalments to be paid over a period of three years. Properties to be developed with an estimated saleable floor area of approximately 3.5 million square meters will include high-rise residential units, low-density housing, retail properties, offices, hotel and a shopping mall. The team was led by Mr. YAP Wai Ming.
Baker & McKenzie.Wong & Leow, the member firm of Baker & McKenzie International in Singapore, has advised a syndicate of lenders (which was led by CIMB Bank Berhad, Labuan Offshore Branch) on the £790,200,000 long term development financing of the Battersea Power Station, an iconic decommissioned coal-fired power station located on the south bank of the River Thames in London. The proceeds of the financing will be used to develop the site, which includes construction of apartments, office buildings, hotels and other commercial outlets to be completed in phases (more…)