|Azmi & Associates acted as Malaysian counsel for the syndicated loan facility of up to US$585 million, provided by Fortis Bank (Nederland) NV,(who also acted as Co-ordinator and Security Trustee), The Bank of Tokyo-Mitsubishi UFJ , BNP Paribas, ING Bank, Cooperative Centrale Raiffeissen-Boerenleen Bank, Mizuho Corporate Bank, Societe Generale Corporate & Investment Banking, Sumitomo Mitsui Banking Corporation and others.
Baker & McKenzie has advised China South Locomotive & Rolling Stock Corp Ltd as Hong Kong and US law counsel on its HK$4.16 billion (US$533 million) global share offering. The A share portion of the offering raised RMB6.54 billion, and the deal represents the third largest Hong Kong IPO of the year.
Baker & McKenzie has advised ASX listed earth moving equipment provider Emeco Holdings Ltd on a successful $630 million refinancing package. The three-year senior debt package comprises a $595 million revolving senior debt facility and $35 million working capital facility.
Clayton Utz has advised Australian Worldwide Exploration on its successful merger with ARC Energy and the demerger of Buru Energy Ltd. The $2.5 billion merger was implemented by scheme of arrangement, with ARC Energy’s Western Australian Canning Basin assets spun-off into a new company called Buru Energy.
Clayton Utz has advised a joint venture comprising Canadian uranium producer Cameco Corporation and Mitsubishi Development Pty Ltd on their $US495 million acquisition of the Kintyre uranium project in Western Australia.
Drew & Napier LLC has acted for Albedo Ltd in its S$400 million takeover of the entire issued and paid-up share capital of HealthTrends Medical Investments Pte Ltd. The entire purchase consideration is at a price of $0.25 per share, payable in two tranches. The first tranche of the purchase consideration amounting up to S$280 million will be payable on completion.
Hadiputranto, Hadinoto & Partners represented PT United Tractors Tbk in its Rp3.56 trillion (US$390 million approx) Rights Issue III, listed on the Indonesia Stock Exchange. United Tractors is an Indonesian mining contractor and the country’s largest heavy equipment distributor, and is majority-owned by PT Astra International Tbk.
Herbert Smith has advised China International Capital Corp and Macquarie Bank as joint bookrunners on the HK$4.16 billion (US$533 million) Hong Kong IPO and Rule 144A / Regulation S global offering of China South Locomotive & Rolling Stock Corporation Ltd, the largest rolling stock maker in the PRC.
JSM advised SOL on Winnington Capital Ltd ‘s acquisition of a part of SOL’s Chongqing Tiandi Project, being the super high rise portion. The transaction involves a sale by SOL of a 25 percent stake in only the super high rise portion for a consideration of RMB1,021 million. An option has also been granted to Winnington to acquire a further 25 percent.
Mallesons Stephen Jaques acted for Rakon Ltd of New Zealand on its acquisition of a 40 percent stake in the Chinese-based Timemaker Crystal Technology Ltd group of companies and establishment of a new joint venture company in which Rakon Limited holds a 70 percent stake.
Rajah & Tann LLP acted as counsel to Yongmao Holdings Limited in the acquisition of 66 percent equity interests in Beijing Yongmao Jiangong Machinery Manufacturing Co Ltd by Fushun Yongmao Construction Machinery Co Ltd for a consideration of up to RMB60 million (or approximately S$12.4 million).