Linklaters are the lead counsel on the US$26 billion merger of CSR Corporation Limited (“CSR”) and China CNR Corporation Limited (“CNR”). This is the first-ever merger of two companies with dual listings in Shanghai and Hong Kong and the first-ever securities exchange involving two sets of A shares and two sets of H shares. (more…)
Leading international law firm Clifford Chance has advised BAIC Motor Corporation Limited on its US$1.42 billion H-share listing on the Hong Kong Stock Exchange. A total of 1.24 billion shares were offered at HK$8.90 per share, raising HK$11.03 billion. Proceeds will be used for investment into production facilities, new car development and to pay down debts. (more…)
Broad & Bright Tokyo Office is established by Broad & Bright in association with Japan Toranomon Chuo Law Firm (hereinafter referred to as ‘Toranomon Chuo Firm’) in a form of joint venture, which has been approved by the Ministry of Justice of Japan and Japan Federation of Bar Association, and registered in Japan as an overseas branch of Broad & Bright. The official registered name is Toranomon Chuo Law Firm Broad & Bright Foreign Law Firm (foreign law joint venture). (more…)
Hogan Lovells has advised the underwriters, which include UBS AG Hong Kong Branch, DBS Asia Capital Limited and CIMB Securities Limited, on the Hong Kong IPO and Rule 144A placing of Nirvana Asia Ltd (“Nirvana”), the largest integrated death care service provider in Asia.
The public offering of the shares was oversubscribed by more than 50 times. The IPO price was set at HK$3.00 per share, raising US$261 million. If the over-allotment option is exercised in full the deal value would increase to approximately US$300 million. (more…)
Herbert Smith Freehills has advised Huaneng Power International Inc., one of China’s largest listed power producers, on its acquisition of equity interests in ten power plants in China for a total consideration of US$1.19 billion.
Beijing-based Huaneng Power is the listed unit of the mainland’s largest power producer, China Huaneng Group. The company is mainly engaged in developing, constructing, operating and managing large-scale power plants throughout China. (more…)
The international law firm Milbank, Tweed, Hadley & McCloy has recently advised on the successful initial public offering of SSI Group, Inc (SSI).
Milbank advised BPI Capital Corporation, Credit Suisse and HSBC, as joint global coordinators and bookrunners, on the approximately US$144 million initial reopening of SSI, the Philippines’ leading specialty retailer. (more…)