Merger and Acquisitions (Private & Public)
We provide professional advisory services for both public and private companies in merging and acquiring assets and companies.
We emphasize the need of planning and efficiency, and we regularly advise our local and international corporate clients on legal matters relating to cross-border and cross-jurisdictional mergers and acquisitions, complex joint ventures, sale and purchase of assets, and corporate management. We also help handle matters regarding sale and purchase of Hong Kong, Mainland China, and other foreign corporations, due diligence, planning and restructuring, private equity, venture capital, capital withdrawals, direct investment, joint venture arrangement, contractual joint venture (especially for PRC investment), drafting of various agreements including but not limited to shareholders’ agreement, management agreement, distribution agreement, agency agreement and board resolution.
We have recently advised Shenzhen Investment Holdings Co. Ltd., a state-owned enterprise of the People’s Republic of China, on its acquisition of 66.69% of the total number of issued shares in a Hong Kong listed company Hopewell Highway Infrastructure Limited (“HHIL”) (stock code: 737) from another Hong Kong listed conglomerate Hopewell Holdings Limited (stock code: 54), and the general offer extended to the other shareholders of HHIL for a total consideration of HK$14.8 billion.
Other significant M&A deals include advising TeleEye Holdings Limited (now known as CircuTech International Holdings Limited) (Stock Code: 8051) on the sale of 50.07% shares by the controlling shareholders and the mandatory general offer for acquisition of all the issued shares for a total consideration of HK$460 million, and advising an investment special purpose vehicle managed by Hundreds Capital, a Beijing based private equity firm with investments primarily in the PRC, on its acquisition of an aggregate of 21.74% of the total limited partnership interest in Hundreds One Fund Limited Partnership (“HOF”), representing a total capital contribution of US$50 million in HOF, from CNCB (Hong Kong) Investment Limited etc.