China/Hong Kong
Freshfields Bruckhaus Deringer Hong Kong partners Teresa Ko and Calvin Lai and Beijing partner Richard Wang have advised Chinese conglomerate Citic Ltd. on a $6.9 billion share placement to fund its $36.5 billion acquisition of assets from parent Citic Group. Citic sold 15.87 percent of the company to 27 investors including state-owned China National Tobacco Corp., Industrial and Commercial Bank of China Ltd., Chinese internet giant Tencent Holdings Ltd., Thailand’s Charoen Pokphand Group and Singaporean sovereign fund Temasek Holdings Ltd. Beijing-based Jia Yuan Law Firm advised the company on Chinese law. [Read full story]
