Paul Hastings, a leading global law firm, announced today that the firm represented CITIC Securities Corporate Finance (HK) Limited as the sole sponsor and CLSA Limited as the sole global coordinator, bookrunner and lead manager in Poly Cultural Group Corporation Limited’s (“Poly Cultural Group”) US$331 million global offering and listing of its H-shares on the Main Board of the Hong Kong Stock Exchange. (more…)
Paul Hastings, a leading global law firm, announced today that the firm advised JPMorgan Chase Bank, N.A. as the depositary bank on Fast Retailing Co., Ltd.’s (“Fast Retailing”) secondary listing of Hong Kong depositary receipts (“HDRs”) on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) by way of introduction. Morgan Stanley Asia Limited acted as the sole sponsor. (more…)
King & Wood Mallesons is advising Oil Search (ASX:OSH), Australia’s fourth-largest oil and gas producer, on its acquisition from Singapore based Pacific LNG of a 23% stake in the Elk / Antelope gas fields in PNG. Oil Search will pay US$900 million for the stake, plus a possible contingent payment based on later resource certification. (more…)
The transaction involves four acquisitions: a takeover bid for RCT, acquisitions of the responsible entity and operating entity of RCT and the acquisition of Casino Canberra. RCT is the owner of the Cairns Reef Casino and hotel and Casino Canberra is the owner and operator of the Canberra Casino.
Aquis has entered into a Takeover Bid Implementation Agreement with the responsible entity of RCT. Aquis’ takeover bid will be an off-market cash bid to acquire all the ordinary units in RCT for $4.354 per unit, for a total value of approximately $217 million. The RCT Board have unanimously recommended unitholders to vote in favour of the takeover bid, in the absence of a superior proposal. (more…)
Paul Hastings, a leading global law firm, announced today that the firm advised Bank of Philippine Islands (“BPI”), a member of the Ayala Group and the third-largest lender by assets in the Philippines, on its US$555 million (P25 billion) stock rights offer. Goldman Sachs and J.P. Morgan acted as joint international bookrunners and underwriters, and Bank of Philippine Islands Capital Corporation acted as the sole global coordinator and lead manager, sole domestic manager and domestic bookrunner and underwriter. (more…)
The international law firm Milbank, Tweed, Hadley & McCloy recently advised on two rights offerings in the Philippines for leading universal banks Bank of the Philippine Islands (BPI) and Philippine National Bank (PNB).
Milbank advised J.P. Morgan and Goldman Sachs, as joint international bookrunners and underwriters, on the approximately US$555 million (Php25 billion) rights offering by BPI. (more…)
Simpson Thacher represented GS Engineering & Construction Corp. (“GS E&C”) in connection with its offering of US$100 million 3.25% Convertible Bonds due 2019. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended. (more…)