Phoenix Tree’s $129.6 Million Initial Public Offering

Simpson Thacher represented Phoenix Tree Holdings Limited (“Danke”) in connection with its initial public offering and listing on the New York Stock Exchange. The offering comprised 9,600,000 American Depositary Shares (“ADSs”) representing 96,000,000 Class A ordinary shares at $13.50 each for total proceeds of about $129.6 million. Phoenix Tree, whose platform is called Danke Apartments, […]

Weigao Holding’s $150 Million Secured Guaranteed Exchange Bonds Offering

Simpson Thacher recently represented Weigao Holding Company Limited, in its capacity as guarantor, and Sure First Limited as Issuer of the offering. Sure First Limited, a wholly-owned subsidiary of Weigao Holding, executed the issue of US$150 million 2% Secured Guaranteed Exchangeable Bonds due 2025 (“Bonds”). The Bonds, exchangeable into the H shares of Shandong Weigao […]

Indian Railway Finance Corporation’s Initial Public Offering

Khaitan & Co acted as the Indian Legal Counsel to the President of India, acting through the Ministry of Railways, Government of India and Indian Railway Finance Corporation Limited. Indian Railway Finance Corporation has filed draft papers with markets regulator Sebi for its initial public offering (IPO). The public issue is of up to 140,70,69,000 […]

Zhongguancun Science-Tech Leasing Co., Ltd.’s HK$507 Million IPO

O’Melveny & Myers LLP represented the sponsor and the underwriters in Hong Kong IPO of Zhongguancun Science-Tech Leasing. Guotai Junan Capital Limited as sole sponsor, Guotai Junan Securities (Hong Kong) Limited actes as main underwriter in the approximately HK$507 million (approximately US$65 million) initial public offering and H share listing of Zhongguancun Science-Tech Leasing Co., […]

Imerys Group’s Acquisition Of Hyderabad Industries Thermal Insulation Business

Khaitan & Co advised Hyderabad Industries Limited in the deal. Imerys Group acquired Hyderabad Industries’ thermal insulation business for INR 80 crore (approx. US $11.4 million). Imerys Group (Euro 4.6 billion group) is a world leader in mineral-based specialties. Calderys India Refractories Limited is a wholly owned company of Imerys S.A., a company listed on […]

Acciona’s AUD511 Million Waste-to-Energy Project in Western Australia

K&L Gates advised Acciona on the development of the AUD511 million (USD 353.7m/EUR 319m) East Rockingham Resource Recovery Facility. The East Rockingham facility, to be located south of Perth in Western Australia, is only the second grid scale waste-to-energy project of its kind to reach financial close in Australia. It is expected to be operational […]

JD.com’s $1 Billion Notes Offering

Davis Polk advised the joint bookrunners and representatives of the underwriters for JD.com’s SEC-registered debt offering. JD.com completed the issuance of US$700,000,000 aggregate principal amount of 3.375% Notes due 2030 and US$300,000,000 aggregate principal amount of 4.125% Notes due 2050. After underwriting fees, JD.com said it expects to get $988.3 million on the deal. The […]

Sumitomo Mitsui Financial Group’s $2.5 Billion Notes Offering

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes. Sumitomo Mitsui Financial Group offering consisted of $1.25 billion aggregate principal amount of 2.348% senior notes due 2025 and $1.25 billion aggregate principal amount of 2.750% senior notes due 2030. The notes are structured to count as total […]

China Petrochemical Development Corporation’s $129.2 Million Depositary Shares Offering

Simpson Thacher represented the initial purchasers, Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. Offshore Securities Unit, in connection with the offering. China Petrochemical Development Corporation (“CPDC”) completed its US$129.2 million offering of global depositary shares. The offering was led by Yuanta Securities (Hong Kong) Co. Ltd. and Yuanta Securities Co., Ltd. […]

Huijing Holdings Company’s HK$1.521 Billion Initial Public Offering

Dechert acted for 20 underwriters (including China Galaxy International Securities (Hong Kong) Co., Limited as the sole sponsor, a global coordinator, a joint bookrunner and a joint lead manager) on the deal. Huijing Holdings Company Limited completed its initial public offering and listing of the shares, for a total issuance of HK$1.521 billion. Huijing Holdings […]

Chinese investors’s Acquisition Of Turkey’s Third Bosphorus Bridge And The Northern Marmara Motorway

Clifford Chance and Yegin Ciftci Attorney Partnership have advised a consortium comprised of China Merchants Expressway Network & Technology Holdings Co. Ltd, China Merchants Union Limited, Jiangsu Expressway Company Limited, Zhejiang Expressway Co. Ltd., Anhui Expressway Company Limited and Sichuan Expressway Co in their proposed acquisition of a 51% stake in ICA IC İçtaş Astaldi […]