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…)
Mayer Brown JSM represented Principal Financial Group (Principal) on the acquisition of AXA’s Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) retirement schemes businesses in Hong Kong for approximate HK$2.6 billion. In connection with the transaction, Principal and AXA will also enter into a 15-year exclusive distribution agreement allowing Principal to offer MPF and ORSO retirement schemes through AXA’s proprietary networks in the city. (more…)
International law firm Simmons & Simmons expands its international insurance group in Asia with the appointment of Martin Lister who will join the firm as a partner.
Martin joins the firm from Edwards Wildman Palmer, where he was a partner and Managing Partner of the firm’s Hong Kong office. (more…)
Davis Polk advised The Hongkong and Shanghai Banking Corporation Limited, UBS AG, Hong Kong Branch, CCB International Capital Limited, ABCI Capital Limited, Industrial and Commercial Bank of China (Asia) Limited and J.P. Morgan Securities plc as joint bookrunners and joint lead managers in connection with the Regulation S only offering by King Power Capital Ltd. (“Issuer”) of its US$300 million 3.875% guaranteed notes due 2019 and US$700 million 5.625% guaranteed notes due 2024 (“Notes”). The Notes are unconditionally and irrevocably guaranteed by China Travel Service (Holdings) Hong Kong Limited (香港中旅(集團)有限公司)(“Guarantor”). The Issuer is a wholly owned subsidiary of the Guarantor. (more…)
Addleshaw Goddard’s Hong Kong equity capital markets team has recently advised on the successful listing by Nga Chun Holdings Company Limited (Nga Chun) on the Main Board of the Hong Kong Stock Exchange. The team advised the sponsor, Ample Capital Limited and the underwriters, Ample Orient Capital Limited and Convoy Investment Services Limited. (more…)
Hogan Lovells has recruited Bronwen May to join its Hong Kong finance practice. Bronwen joined on 15 September 2014 as a partner in the International Debt Capital Markets (IDCM) team.
Bronwen joins Hogan Lovells from O’Melveny & Myers where she held the role of Head of Derivatives (Asia), and advises on the full range of derivatives, including fixed income, equity, credit, fund-linked and commodity (OTC and exchange traded) products as well as structured products (including warrants), and also on the legal and regulatory implications of these transactions. High profile clients she has advised include Deutsche Bank, Standard Chartered Bank and a major Chinese investment bank. (more…)
Kirkland & Ellis is pleased to announce that transactional lawyer Gary Li will join the Firm as a partner in the Hong Kong office.
“Gary is a top-of-market private equity lawyer in Greater China and we are pleased to welcome him to the Firm. His hiring is a continuation of our investment in Asia and our focus on getting deeper and broader in each of the markets in which we operate,” said Jeffrey C. Hammes, Chairman of Kirkland’s Global Management Executive Committee. (more…)