Deals – 27 March 2008

Clifford Chance has advised private equity investor CVC Asia Pacific on its public-to-private acquisition of the entire business of Asia Dekor Holdings Ltd, which is listed on the Singapore Stock Exchange. Asia Dekor is a manufacturer and distributor of wood and laminate flooring products in China. The transaction involved a 100 percent leveraged buyout and represents an important bolt-on acquisition for Plantation Timber Products, an existing CVC portfolio company engaged in the wood flooring business in China.

Gide Loyrette Nouel A.A.R.P.I. has acted as sole legal representative to six Chinese companies in a review case by the European Commission on imports of okoumé plywood from China. The interim review was intended to extend existing anti-dumping measure to more types of Chinese plywood products manufactured from trees other than okoumé. The European Union first imposed anti-dumping duty on imports of Chinese plywood of between 6.5 and 66.7 percent for different companies in November 2004.

Hunton & Williams (Thailand) Ltd has represented Krung Thai Bank Public Company Ltd in a THB 950 million credit facility agreement between the financial institution and Bangchak Biofuel Company Ltd for the construction and operation of a biodiesel plant in Ayudhya Province in central Thailand. Krung Thai Bank is Thailand’s second-largest commercial bank. The bank is listed on the Stock Exchange of Thailand.

King & Wood represented Diaoyutai Economic & Technological Development (HK) Co., Ltd/ MGM MIRAGE China Holdings Ltd in an equity acquisition transaction with Sinosteel International Plaza (Tianjin) Co., Ltd.

King & Wood represented Hutchison Ports Huizhou Phase (HK) Ltd in the US$ 31 million acquisition of Huizhou Port Affairs Group Co., Ltd.

King & Wood represented Sichuan Chuantou Energy Stock Co., Ltd in the acquisition of Sichuan Xinguang Silicon Technology Co., Ltd.

Shook Lin & Bok LLP, advised China Huaneng Group as Singapore legal counsel on the acquisition and the financing with respect to the sale of Tuas Power by Temasek Holdings Pte. Ltd. This is the first of Temasek’s three power generation companies to be sold under its long-stated plan to divest all of its wholly-owned power generation assets in Singapore. The transaction was valued at S$ 4.235 billion.