NEWS | deals >>
| CHINA / HONG KONG |
deals in brief
►► Alibaba.com – China Civilink acquisition 阿里巴巴收购China Civilink 85%股权 Value: US$79m Firm: Slaughter and May Lead lawyer: Benita Yu Client: Alibaba.com Firm: Fangda Partners Client: Alibaba.com Firm: Jincheng, Tongda & Neal Client: China Civilink
Benita Yu Slaughter and May
• Deal was complicated by a new shareholders’ agreement between Alibaba.com and the remaining founders of China Civilink
| CHINA/KAZAKHSTAN | ►► China Investment Corporation – JSC KazMunaiGas 中投购哈萨克斯坦石油勘 探公司股权 Value: US$939m
Firm: Vinson & Elkins Lead lawyers: Xiao Yong, Paul Deemer, Francois Feuillat Client: CIC Firm: GRATA law firm Client: CIC • Vinson & Elkins acted on CIC’s purchase of approximately 11% of Global Depositary Receipts of JSC KazMunaiGas Exploration Production • Vinson & Elkins has experience advising China’s top oil and gas companies like PetroChina, Sinopec, CNOOC, ZhenHua Oil
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“It only took one month for the transaction to reach completion. Considering the size of the deal and the fact that it’s a Chinese company’s overseas M&A, one month is a remarkable short time frame. As the target company involves state-owned equity, there were some challenging regulatory issues for us to resolve” Xiao Yong, Vinson & Elkins
“Fangda advised on PRC due diligence and in that sense we had to work very closely because obviously the findings had to be worked into the sale purchase documentation” Benita Yu, Slaughter and May
| CHINA / AUSTRALIA | ►► Sinochem – Nufarm acquisition 中化报价24亿美元收购澳大 利亚Nufarm Value: US2.44bn
• Deal is subject to approval from regulators in China and Australia
| CHINA |
Value: US$351m
Firm: Beijing Guantao Law Firm Lead lawyer: Liu Rong Client: Issuer • Guantao’s first time advising on issuance of MTNs • Guantao completed due diligence into the issuer and its 13 subsidiaries including two listed companies
| CHINA | ►► Financial Street Holding bonds issuance 金融街控股发行债卷 Value: US$820m
Firm: Guantao Lead lawyer: Cui Liguo, Liu Rong, Zhan Yonghong Client: Issuer Firm: King & Wood Client: Underwriter
Cui Liguo Guantao
• Bonds listed on the Shenzhen Stock Exchange and is the biggest listing in Shenzhen seen this year • This bond issuance follows the successful raising of RMB10bn via the non-public additional offering of shares in 2007 and public additional offering of shares in 2008
Firm: Blake Dawson Lead lawyer: Marie McDonald Client: Sinochem Firm: Arnold Bloch Leibler Lead lawyer: Jonathan Wenig Client: Nufarm
• Nufarm is a longstanding client of Arnold Bloch Leibler
►► Datang Telecom Science and Technology Research Institute notes issuance 大唐电信发行债卷
• Both Slaughter and May and Fangda had dealings with Alibaba. com when it first listed in 2007
HEADLINE DEAL
• Blake Dawson also represented China Minmetals in its merger with OZ Minerals and Zhongjin Lingnan in its takeover of Perilya
Jonathan Wenig Arnold Bloch Leibler
ISSUE 6.11