Norton Rose Fulbright advised Hongkong and Shanghai Banking Corporation Limited (HSBC) as financial advisor in the HK$795 million (US$102 million) sale of 73% interests in Roadshow Holdings Limited, which is principally engaged in media sales and advertising on transit vehicles, online portal, mobile applications and outdoor signage.
The seller of Roadshow Holdings is Hong Kong-listed Transport International Holdings Limited, the largest public transport operating in Hong Kong controlled by Sun Hung Kai Properties Limited.
The completion of the deal triggered an unconditional mandatory general offer in accordance with the Hong Kong Takeovers Code made by the purchaser, Optima Capital Limited on behalf of Bliss Chance Global Limited, an investment holding company and special purpose vehicle set up for the purpose of acquiring Roadshow Holdings shares.
The Norton Rose Fulbright team on the deal is led by head of Hong Kong Psyche Tai (Picture) and includes partner Vicky Lam.
Law Firms: Norton Rose Fulbright;