The international law firm Milbank, Tweed, Hadley & McCloy LLP recently advised on two significant international capital markets transactions in the Philippines involving International Container Terminal Services, Inc. (ICTSI) and SMC Global Power Holdings Corp. (SMC Global Power). The two transactions, both completed in August, raised a total of US$750 million, signifying the country’s continuing strong position in the global capital markets despite recent challenging market conditions. (more…)
Davis Polk is advising Advanced Semiconductor Engineering, Inc. in connection with its tender offers in the Republic of China and the United States for common shares and American depositary shares of Siliconware Precision Industries Co., Ltd. at a price of NT$45 per common share and NT$225 per ADS payable in the equivalent amount of U.S. dollars, respectively. ASE plans to acquire an estimated maximum number of 779,000,000 common shares of Siliconware (including common shares represented by ADSs), equivalent to approximately 25% of the common shares issued by Siliconware. (more…)
Cleary Gottlieb Steen & Hamilton LLP announced today that Shuang Zhao will shortly join the firm as a partner in its Hong Kong office. Ms. Zhao, 45, joins the firm from the Hong Kong office of Shearman & Sterling LLP, where she was a partner focusing on capital markets transactions.
“Cleary Gottlieb has had a continuous presence in Asia for 35 years. The addition of Shuang demonstrates our continued deep commitment to our practice there, and it follows the firm’s launch of a local law practice in Hong Kong in early 2011 and the opening of our Seoul office in 2012,” said Cleary Gottlieb Managing Partner Mark Leddy. “Shuang adds deep China-based expertise and experience to our already internationally recognized global capital markets practice.” With the addition of Ms. Zhao, the firm will have approximately 60 lawyers in Hong Kong, Beijing, and Seoul, including nine partners and two counsel. (more…)
Winston & Strawn LLP has announced that Charles Mo and Joanne Mok have joined the firm’s litigation practice as a partner and associate, respectively, in Hong Kong. Prior to joining Winston, Mr. Mo and Ms. Mok practiced at Sidley Austin LLP.
“Charles’ diverse experience will play a key role in rounding out our growing litigation practice in Asia. His dispute resolution background speaks for itself, and his experience in various other areas will be a valuable asset to our clients,” said David Hall-Jones, Winston & Strawn’s Asia managing partner. (more…)
Akin Gump is pleased to announce that Paul Greening will join the firm in Hong Kong as a partner in its oil and gas practice, effective July 20. Mr. Greening, who focuses on international energy, utilities and infrastructure projects as well as energy-focused cross-border M&A, comes to Akin Gump from Vinson & Elkins. With an expected move to Akin Gump’s Singapore office later in the year, Mr. Greening will bolster the firm’s oil and gas capabilities across Asia.
“The energy industry continues to be a significant focus for the firm, both in Asia and across the globe,” said Akin Gump chairperson Kim Koopersmith. “Paul is a first-rate lawyer and a strategic addition to our team who has deep experience in the oil and gas sector. Working alongside our lawyers in the United States, Europe and the Middle East, he will be a great fit with our firmwide energy practice.” (more…)
Davis Polk advised the underwriters on the initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited and an international offering in reliance on Rule 144A and Regulation S of Legend Holdings Corporation. The gross proceeds from the global offering amounted to approximately HK$15.17 billion (US$1.96 billion) prior to any exercise of the over-allotment option. (more…)
The Hong Kong office of the Firm represented the underwriters in the initial public offering in Hong Kong and Rule 144A/Regulation S offering by HTSC, a joint stock limited liability company established in the PRC under the Chinese corporate name 华泰证券股份有限公司 and carrying on business in Hong Kong as HTSC (“HTSC”). HTSC offered and sold an aggregate of 1,562,768,800 H shares after exercise of the over-allotment option, which raised approximately HK$38.8 billion (US$5 billion) in gross proceeds. The H shares of HTSC are listed on the Hong Kong Stock Exchange. Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan and UBS acted as joint sponsors; Huatai Financial Holdings (Hong Kong) Limited, J.P. Morgan, UBS, ICBCI, BNP Paribas and CMS acted as jointed global coordinators, joint bookrunners and joint lead managers; and Credit Suisse, Morgan Stanley, Goldman Sachs, Citigroup, Deutsche Bank, Nomura, ABCI, CCBI, GF Securities and Industrial Securities acted as joint bookrunners and joint lead managers. This is the largest IPO globally this year to date. (more…)