The Firm recently represented Chalco HK South East Investment Ltd (“Chalco”), a wholly-owned subsidiary of Aluminum Corporation of China Limited (NYSE:ACH), in acquiring a 60% stake in Laos-based Lao Service Mining Co., Ltd (“LSM”) from Lao Services Incorporation Co., Ltd (“LSI”). As a result of Chalco’s investment, LSM will turn into a joint venture between Chalco and LSI.
LSM recently received authorization from the government of Laos to explore and develop bauxite resources and other minerals in Sanxay District of Attapeu Province and Dakcheung District of Sekong Province. In addition, the parties will construct and develop an alumina refinery and an aluminum smelter in Laos.
The Simpson Thacher team for the transaction included Shaolin Luo, Spencer Yee and Vivien Mao.
Related Posts:
- None Found