Yancoal’s $2.45 billion acquisition of Coal & Allied Industries from Rio Tinto

Gilbert + Tobin is advising Yancoal Australia’s Independent Board Committee (“IBC”) on the company’s US$2.45 billion (A$3.27 billion) acquisition of Coal & Allied Industries from Rio Tinto and the related capital raising The transaction will see Yancoal more than double its coal production and transform it into Australia’s largest pure-play coal producer. Yancoal intends to […]

Cheung Kong Infrastructure Holdings Limited’s acquisition of 100% of DUET’s outstanding stapled securities

Allens has advised energy utility and infrastructure operator DUET Group (DUET) in relation to a consortium proposal led by Cheung Kong Infrastructure Holdings Limited to acquire 100 per cent of DUET’s outstanding stapled securities for $7.3 billion. The DUET Boards have unanimously recommended the offer by a consortium comprising Cheung Kong Infrastructure Holdings Limited, Cheung […]

Melco International Development Limited’s acquisition of 198 million shares in Melco Crown Entertainment from Crown Resorts Limited

Ashurst has advised Crown Resorts Limited in the sale of 198 million shares in Melco Crown Entertainment (‘MCE’) to Melco International Development Limited that will generate proceeds of approximately A$1.9 billion for the company. The 198 million MCE shares (equivalent to 66 million MCE American Depository Shares (ADSs) or 13.4% of MCE shares outstanding) were […]

First Pacific Company Limited’s subsequent US$100 million credit facility

Conyers Dill & Pearman provided Bermuda and BVI law advice to First Pacific Company Limited (the “Company”) in connection with its subsequent US$100 million facility agreement relating to a term loan of up to US$100 million made between (i) FP Resources (2016) Limited (the “Borrower”), (ii) First Pacific Company Limited (the “Guarantor”), and (iii) The […]

Commonwealth Bank of Australia’s A$750 million Tier 1 hybrid notes issue

Ashurst has advised the Commonwealth Bank of Australia (Capital Markets Division) and Morgan Stanley Australia Securities Limited as Arrangers, and Commonwealth Bank of Australia (Capital Markets Division), Morgan Stanley Australia Securities Limited, Evans and Partners Pty Limited, J.P. Morgan Australia Limited, Morgans Financial Limited, National Australia Bank Limited and Westpac Institutional Bank as Joint Lead […]

Magnum Opus 3 International Holdings Limited’s HK$1.7 billion Guaranteed Secured Notes Offering

Conyers Dill & Pearman provided BVI law advice to Magnum Opus 3 International Holdings Ltd in connection with the issue of senior secured guaranteed notes in an aggregate principal amount of up to HK$1.7 billion guaranteed by Mr. Kam Yuen and subscribed by China Minsheng Banking Corp., Ltd., Hong Kong Branch. Magnum Opus 3 International […]

PF Group Holdings Limited’s HK$75 million Initial Public Offering

Conyers Dill & Pearman provided Cayman Islands and BVI law advice to PF Group Holdings Limited in connection with its HK$75 million initial public offering (IPO) of 500,000,000 Placing Shares on the Growth Enterprise Market of the Hong Kong Stock Exchange (Stock code: 8221). PF Group Holdings Limited operates as a holding company. The Company, […]

DBS Bank Limited’s acquisition of a minority stake in Kasisto, a conversational artificial intelligence platform provider

Kasisto, the company that makes conversational AI to enable human-like interactions with smart bots and virtual assistants, has announced a $9.2 million Series A funding round led by Propel Venture Partners with participation from Mastercard and Commerce Ventures. Seed investors Two Sigma Ventures, DBS Bank, Partnership Fund for New York City, New York Angels and […]

Apollo Tourism & Leisure’s A$1.75 million acquisition of a 25% stake in Camplify Co. Pty. and A$1.75 million acquisition of 100% of Sydney RV

Newly-listed motorhome group Apollo Tourism & Leisure has become the biggest shareholder in Camplify, which uses a similar business model to online marketplace Airbnb to enable people to hire out a motorhome or a caravan from private owners anywhere in Australia. Apollo has spent $1.75 million acquiring a 25 per cent stake in Camplify, set […]