Stelux Holdings’s divesting its optical retail, optical wholesale and related healthcare businesses in Asia

Slaughter and May has advised Stelux Holdings International Limited in relation to the strategic disposal of its optical retail, optical wholesale and related healthcare businesses in Hong Kong, Macau, the PRC, Singapore, Malaysia and Thailand to Mr. Chumphol Kanjanapas (also known as Joseph C.C. Wong). Joseph C.C. Wong is Stelux’ Chairman, CEO and controlling shareholder. […]

Woodside Petroleum Ltd.’s A$2.5 billion equity raising

Herbert Smith Freehills is advising Woodside Petroleum Ltd. on its A$2.5 billion fully underwritten 1 for 9 renounceable pro-rata entitlement offer (with retail rights trading) announced to ASX on 14 February 2018. The proceeds from the equity raising will be used by Woodside to fund the acquisition of up to an additional 50% interest in […]

Harbin Pharmaceutical’s $300 Million Investment in GNC Holdings

Ropes & Gray Advises Harbin Pharmaceutical in a $300 Million Strategic Investment and China Joint Venture with GNC Holdings, Inc. In addition, GNC and Harbin Pharmaceutical have agreed to form a joint venture for the manufacturing, marketing, sale and distribution of GNC-branded products in China. The transaction is expected to close in the second half […]

PTTEP and PTTEPI’s USD750 million acquisition of 22.2222 per cent. stake in the Bongkot Project from Shell Integrated Gas Thailand Pte Limited and Thai Energy Company Limited

Slaughter and May advised PTT Exploration and Production Public Company Limited (PTTEP) and PTTEPI International Limited (PTTEPI) in relation to the conditional acquisition of a 22.2222 per cent. stake in the Bongkot Project from Shell Integrated Gas Thailand Pte Limited and Thai Energy Company Limited (both Shell subsidiaries). The transaction value, before tax, is approximately […]

Shinhan Card Co. Ltd.’s US$151m acquisition of Prudential Vietnam Finance Company Limited

Freshfields Bruckhaus Deringer has advised Prudential Holdings Limited (‘Prudential’), a subsidiary of Prudential plc, on its US$151m auction sale of 100 per cent of Prudential Vietnam Finance Company Limited, a Vietnam-based consumer finance business, for US$151m. The purchaser is Shinhan Card Co. Ltd., a subsidiary of the Shinhan Financial Group (a leading Korean financial institution), […]

Mitsui O.S.K Lines’s signing a long-term contract for pioneering LNG bunker vessel

Clifford Chance advised Japanese shipowner Mitsui O.S.K Lines (MOL) on the tender process to provide a pioneering Liquefied Natural Gas bunker vessel (LNGBV) on long-term charter contract to Total Marine Fuels Global Solutions. This is the first LNGBV of this scale globally at 18,600 m³ to be built in China and delivered in 2020. The […]

China Shipbuilding Industry Corporation’s US$1 billion bonds exchangeable into shares of Postal Savings Bank of China

Herbert Smith Freehills has advised state-owned China Shipbuilding Industry Corporation (CSIC) on the issue of US$1 billion bonds exchangeable into shares of Hong Kong- listed Postal Savings Bank of China (PSBC). The zero coupon exchangeable bonds due 2025 are supported by a securities lending agreement and a keepwell deed, and will be listed on the […]

Allergan’s Acquisition of Elastagen

Hogan Lovells represented Elastagen Pty Ltd. on the deal. Elastagen Pty Ltd, a clinical stage company developing medical device products based on recombinant tropoelastin, today announced that it has entered into a definitive agreement under which Allergan plc, a leading global biopharmaceutical company, has agreed to acquire Elastagen for an upfront payment of US$95M plus […]

Westpac Banking Corporation’s A$750 million Additional Tier 1 Notes offering

Herbert Smith Freehills has advised the joint lead managers of Westpac Banking Corporation’s offer of new Additional Tier 1 capital securities known as Westpac Capital Notes 5 (Notes), which will seek to raise up to A$750 million, with the ability to raise more or less (Offer). Westpac also announced a reinvestment offer under which eligible […]

Varian’s AU$1.58bn acquisition of Sirtex

J.P. Morgan Securities LLC is acting as financial advisor and Norton Rose Fulbright is acting as legal counsel to Varian. Varian Medical Systems (NYSE: VAR) today announced it has signed an agreement to acquire all the outstanding shares of Sirtex Medical Limited (ASX: SRX) (“Sirtex”), an Australia-based global life sciences company focused on interventional oncology […]

Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and […]

Rocket Internet’s acquisition of Australian corporate catering service provider Order-In Pty Ltd.

Clifford Chance has advised the shareholders of Australian corporate catering service provider Order-In on its sale to buyers controlled by global venture capital entity Rocket Internet. Rocket Internet, listed on the Frankfurt Stock Exchange, invests in proven internet companies, such as Delivery Hero, Hello Fresh and the Global Online Takeaway Group. Order-In was launched in […]