China Everbright Bank’s private placement of 5.8 billion new H shares on the Hong Kong Stock Exchange

Herbert Smith Freehills has advised China Everbright Bank on its issue and private placement of 5.8 billion new H shares on the Hong Kong Stock Exchange. The placement was made to China Everbright Group Limited and Overseas Chinese Town Enterprises Company, and completed on 22 December after Chinese regulatory approval was received. It injects close […]

Sumitomo Mitsui Banking Corporation’s $2 Billion Notes Offering

Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $1.25 billion aggregate principal amount of 2.514% senior notes due 2020 and $750 million aggregate principal amount of senior floating-rate notes due 2020, each guaranteed by SMBC’s New York branch. Sumitomo Mitsui […]

ISP Global’s $8.9 Million Initial Public Offering

Wilson Sonsini Goodrich & Rosati advised the sole sponsor, Kingsway Capital Limited, as well as the joint bookrunners, Kingsway Financial Services Group Limited and Great Wall Securities Limited on the deal ISP Global Limited provides communication system development services. The Company develops and sells medical, wireless, voice, and network communication systems. ISP Global provides services […]

Simcere Pharmaceuticals Group’s Strategic Collaboration on Multiple Bispecific Antibodies

Ropes & Gray advised Simcere Pharmaceutical Group in a strategic collaboration with Netherlands-based Merus to obtain an exclusive license to develop and commercialize in China three bispecific antibodies using Merus’ Biclonics technology platform in immunooncology. Under terms of the agreement, Merus will lead research and discovery while Simcere will be responsible for the Investigational New […]

Sumitomo Mitsui Financial Group’s $2.75 Billion SEC-Registered Notes Offering

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.5 billion aggregate principal amount of 3.102% senior notes due 2023, $750 million aggregate principal amount of 3.544% senior notes due 2028 and $500 million aggregate principal amount of floating-rate senior notes due 2023. The […]

AU$6.7 billion West Gate Tunnel Project

White & Case LLP has advised Transurban Limited on all aspects of Transurban’s Market-Led Proposal to the Victorian Government to build the AU$6.7 billion West Gate Tunnel Project. The project achieved financial close on 11 December 2017. Construction is expected to commence shortly. The West Gate Tunnel Project addresses a number of critical challenges in […]

Sanbase Corporation’s $9.9 Miillion Initial Public Offering

Wilson Sonsini Goodrich & Rosati advised in the transaction Sanbase Corporation Limited completed its IPO and successfully listed on the Stock Exchange of Hong Kong. The offering included a total of 50,000,000 shares, with gross proceeds of approximately HK$78 million. Sanbase Corporation Limited offers engineering services. The Company provides interior decoration, interior designing, building maintenance, […]

Contractual close of the Tunnels and Stations PPP package of the AUD 11 billion Melbourne Metro Tunnel Project

White & Case LLP, in conjunction with Herbert Smith Freehills (HSF), has advised on the successful contractual close of the Tunnels and Stations PPP package of the AUD 11 billion Melbourne Metro Tunnel Project. The AUD 6 billion Tunnels and Stations PPP is the largest contract on the biggest public transport project ever delivered in […]

Toshiba’s $2.16 Billion sale of Westinghouse

Skadden advised Toshiba Corporation, which announced on January 18, 2018, that it has selected Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) as the buyer of Toshiba’s claims against Westinghouse Electric Company LLC for US$2.16 billion (approx. 244.1 billion yen), and Brookfield WEC Holdings LLC as the buyer of the Westinghouse-related shares […]