The Hong Kong office of the Firm recently represented Ta Chong Bank, Ltd. in its issuance of US$350 million 1.0% Convertible Senior Bonds (the “Bonds”) to an affiliate of the Carlyle Group. Ta Chong Bank is a leading full-service commercial bank and one of the most profitable private banks in Taiwan. Common shares of Ta Chong Bank are traded on the Taiwan Stock Exchange under the trading code “2847”. The Bonds are listed on the Singapore Stock Exchange. (more…)
Paul Hastings, a leading global law firm, announced today that the firm represented WH Group Limited (“WH Group”, formerly known as Shuanghui International Holdings Limited) in its US$2.36 billion (HK$18.31 billion) global offering and IPO on the Main Board of the Hong Kong Stock Exchange (including the offering amount in the event that the over-allotment option is exercised in full). Morgan Stanley Asia Limited and BOCI Asia Limited acted as the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of the offering.
WH Group is the world’s largest pork company, with global leadership across key segments of the industry value chain, including packaged meats, fresh pork and hog production. (more…)
Paul Hastings, a leading global law firm, announced today that the firm advised Sino-Ocean Land Holdings Limited (“Sino-Ocean Land”) as the guarantor in relation to the issue by its wholly-owned subsidiary, Sino-Ocean Land Treasure Finance I Limited, of the US$500 million 4.625% guaranteed notes due 2019 and US$700 million 6.000% guaranteed notes due 2024. (more…)
The Hong Kong office of law firm Eversheds has announced today the appointment of partner Samuel Chau in the Hong Kong Banking team.
Samuel was previously a partner at Gide Loyrette Nouel in Hong Kong and prior to that a Counsel at Sidley Austin, where he worked for over ten years. (more…)
Slaughter and May announces that Charlton Tse has been appointed a partner in Hong Kong with effect from 1 August 2014.
Charlton is an experienced M&A and corporate finance lawyer who is Hong Kong and English law qualified. He will play an important part in developing the firm’s corporate and investment banking client relationships in both Hong Kong and the PRC. (more…)
Paul Hastings, a leading global law firm, announced today that the firm represented Unitech Enterprises Group Limited (“Unitech Enterprises”) in its acquisition of approximately 61.56% of the entire issued share capital of the Hong Kong-listed Ford Glory Group Holdings Limited (“Ford Glory Group”), which is principally engaged in the business of sourcing garment products, at a total consideration of HK$258 million. (more…)
Appleby acted as Cayman counsel for Times Property Holdings Limited (Times Property) in relation to the issuance of 10.375% RMB900 million Senior Notes due 2017. The net proceeds from the issuance of the Notes will be used to refinance its existing debt. Earlier this year, Appleby also acted for Times Property in its issuance of 12.625% US$225 million Senior Notes due 2019. (more…)
Herbert Smith Freehills has advised Macquarie Capital Securities Limited and ICBC International Capital Limited in relation to their role as the joint sponsors of Kangda International Environmental Company Limited’s (“Kangda”) HK$1.4 billion Initial Public Offering (IPO) and listing on the Hong Kong Stock Exchange.
Kangda is a leading wastewater treatment service provider in the People’s Republic of China. The company listed on the Hong Kong Stock Exchange on 4 July 2014. (more…)
Mayer Brown JSM has advised joint sponsors UBS Securities Hong Kong Limited and CITIC Securities Corporate Finance (HK) Limited and the underwriters on the IPO listing of Beijing Urban Construction Design & Development Group Co., Limited (“Beijing Urban Design”) on the Hong Kong Stock Exchange.
Beijing Urban Design is a construction company engaged in rail-transit related design, consultancy services and construction contracting services. It was founded in 1958 and provides design and survey services for Beijing Subway Line 1, China’s first subway line. Proceeds from the IPO will be used to supplement its general corporate capital needs. (more…)