|Allen & Overy LLP has advised Dubai Port World in its joint venture with the Yemen Gulf of Aden Port Corporation, an entity owned by the Government of Yemen. The transaction includes the lease of both Aden Container Terminal and of nearby Ma’alla Container Terminal and a commitment by the joint venture to invest around US$220 million in further developing the port.
Allen & Overy has advised Franshion Properties (China) Ltd on its RMB11 billion (US$1.5 billion) acquisition of the entire interest of China Jin Mao (Group) Co Ltd. Jin Mao Group currently holds a 100 per cent interest in the landmark Jinmao Tower, which houses the Grand Hyatt Shanghai, Ritz-Carlton Sanya, Westin Beijing, Chaoyang, JW Marriott, Shenzhen, two redevelopment projects in Lijiang, and a 60 per cent interest in the Hilton Sanya Resort & Spa.
Baker & McKenzie advised SJM Holdings Ltd as Hong Kong and US law counsel on its HK$3.85 billion / US$494 million global share offering. The principal business of SJM Holdings is carried on through Sociedade de Jogos de Macau SA, which is one of the six Concessionaries and Sub- Concessionaries permitted by the Macau Government to operate casino games in Macau.
Cleary Gottlieb has represented Credit Suisse Securities (USA) LLC as initial purchaser in a Rule 144A offering of US$54.5 million aggregate principal amount of Convertible Senior Notes due 2013 by China Sunergy Co Ltd. Cleary also advised Credit Suisse as the underwriter in a concurrent SEC-registered offering of 4,431,000 American Depositary Shares (ADS), which were issued pursuant to an ADS lending agreement between China Sunergy and an affiliate of Credit Suisse.
Clifford Chance Hong Kong office has advised the major shareholders of wind farm company Honiton Energy plc on Arcapita Bank and Tanti Group’s recent investment in the company. The major shareholders will retain a 10 percent stake in the new company, which will benefit from the capital and expertise of India’s Tanti Group, owner of wind turbine supplier Suzlon Energy, and Bahrain-based investment firm Arcapita.
Clifford Chance has advised CVC Asia Pacific on the conclusion of its recent investment in a Hong Kong-listed company. CVC acquired a 35 percent stake by way of subscription for new shares in Hung Hing Printing Group, a printing and production house headquartered in Hong Kong.
Drew & Napier LLC is acting for SNP Corporation Ltd in the proposed acquisition by Toppan Printing Co Ltd. Toppan is making a voluntary cash offer to acquire all the issued ordinary shares of SNP at S$1.76 per share. Based on 118,254,448 issued shares, the acquisition is valued at S$208 million.
Herbert Smith has advised Huabao International on the acquisition of Wealthy King Investments Ltd from Longkey Ltd of approximately HK$870 million (US$112 million).
Hunton & Williams has represented BP Overseas Development Co Ltd, a subsidiary of Banpu Public Co Ltd, in a US$420 million acquisition of an additional 78.4 percent equity interest in Asian-American Coal Inc.
Jones Day advised the underwriters, Kotak Mahindra, IDFC-SSKI, Morgan Stanley, Lehman Brothers, Edelweiss Capital and Axis Bank in an INR8.3 billion (US$195 million) initial public offering in India and concurrent Rule 144A and Regulation S offerings by KSK Energy Ventures Ltd.
Paul, Hastings, Janofsky & Walker LLP has represented Japan Bank of International Cooperation and a group of commercial lenders led by the Bank of Tokyo Mitsubishi UFJ Ltd, as lead arranger, in their successful US$1.5 billion financing for the Pluto LNG Development Project sponsored by Woodside Petroleum Ltd.
Paul, Hastings, Janofsky & Walker has advised Warburg Pincus on its RMB530 million investment in Beijing Tianyu, a mobile phone manufacturer in the PRC.
Shearman & Sterling LLP represented the underwriters led by Deutsche Bank in connection with the US$494 million (HK$3.85 billion) global offering, including the initial public offering and listing on the Hong Kong Stock Exchange of SJM Holdings Ltd, the largest casino operator in Macau.
Slaughter and May advised on the initial public offering and listing of SinoMedia Holding Ltd on the main board of the Hong Kong Stock Exchange. The firm acted as Hong Kong legal counsel to the joint global coordinators, joint bookrunners, joint sponsors and joint lead managers Morgan Stanley Asia Ltd and Cazenove Asia Ltd.
The Singapore and Bangkok offices of Watson, Farley & Williams LLP have advised Precious Shipping in relation to the raising of just under US$400 million in bank loans to fund its new building programme. The Thai-listed handysize dry bulk specialist had arranged credit facilities of US$398.4 million with DnB Nor Bank in Singapore, Kasikornbank and a number of other international banks.
Zul Rafique and partners has advised Subang Skypark Sdn Bhd in its plan to transform Terminal 3 of the Subang airport into an ultra-modern general and corporate aviation hub. This project, valued at RM300 million, is part of the Malaysian International Aerospace Centre project.