Asian Deals

Thailand
A&O, S&C on $1.5B Bumble Bee Seafoods Acquisition

By Tom Brennan |

Private equity owner Lion Capital is selling the U.S. company to the world’s largest canned tuna processor, Thai Union Frozen Products Plc.

China, Hong Kong
Clifford Chance on BAIC Motor's $1.4B Hong Kong IPO

By Tom Brennan |

The state-controlled company makes and sells Mercendez-Benz and Hyundai vehicles in China.

South Korea
Weil Leads Korean Private Equity Investor's $3.6B Autos Buy

By Tom Brennan |

Hahn & Co. and Hankook Tire are buying a climate control business from U.S. auto supplier Visteon Corp.

China, Hong Kong, India, Malaysia, Myanmar, Singapore, South Korea, Australia, Netherlands, Portugal
Asia Deal Digest: Dec. 18, 2014

By Anna Zhang |

*Weil, Skadden lead $3.6 billion acquisition of Halla Visteon Climate Control in Korea
*Herbert Smith Freehills advises issuers oOh!media and SurfStitch on their recent Australian IPOs
*Clifford Chance on Haitong’s $467 million takeover of Portugal’s Banco Espirito Santo

Australia, Canada
V&E, Clifford Chance Leads Apache $3.75B Divestment

By Anna Zhang |

The U.S. energy company is selling interests in oil and gas projects in Australia and Canada to Australian oil company Woodside Petroleum.

Australia
Allens, HSF on $1B Sale of Leighton Unit

By Tom Brennan |

China Communications Construction is acquiring engineering and contracting division John Holland.

Australia
Allens, KWM on $5B Aussie Pipeline Sale

By Tom Brennan |

Australian natural gas infrastructure company APA Group is buying a major pipeline in the country from the U.K.'s BG Group.

China, Japan, South Korea, European Union, United States
Global IP Offices Report Increased Patent Activity

By Lisa Shuchman |

A total of 2.1 million patent applications were filed in the world's five largest patent offices in 2013, according to the "IP5 Statistics Report, 2013 Edition."

China, Hong Kong, Singapore, South Korea
Asia Deal Digest: Dec. 11, 2014

By Tom Brennan |

*Skadden, Davis Polk advise on $619 million share sale by JD.com investors
*MoFo, White & Case and Hunton & Williams on $4.4 billion Japan-led financing for LNG plant in Texas
*Allen & Gledhill acts for Alibaba subsidiary on stake purchase in mobile security company V-Key

South Korea
Debevoise, Paul Hastings on Billion-Dollar Solar Deal

By Tom Brennan |

Two solar subsidiaries of Korean conglomerate Hanwha Group are combining in an all-stock transaction.

Singapore
Wall Street Duo on Temasek $180M High-Speed Trading Buy

By Brian Baxter |

Cravath is advising the Singaporean sovereign investor while Paul Weiss is guiding Virtu Financial, a high-speed trading firm led by former partner Douglas Cifu.

Singapore
Dealmaker of the Week: Sasan Mehrara of Simpson Thacher

By Nathalie Pierrepont |

The real estate corporate partner led the deal team for Simpson Thacher & Bartlett's representation of The Blackstone Group in its sale of warehouse landlord IndCor Properties to GIC, Singapore’s sovereign wealth fund, for $8.1 billion.

China
Linklaters, A&O on ICBC $5.6B Bond Sale

By Anna Zhang |

China's biggest lender sold preference shares to meet capital adequacy requirements.

Japan, Singapore, Luxembourg
Skadden Says 'Aloha' to Busy December Deal Week

By Brian Baxter |

As the holiday season rolls around, transactional work for Skadden, Arps, Slate, Meagher & Flom is ramping up. The firm recently grabbed a role on a handful of big deals worth more than $15 billion for clients like Hawaiian Electric Industries, Japan's Ostuka Holdings, the Robb Report and Singapore's sovereign wealth fund.

China, Hong Kong, India, Indonesia, Japan, Pakistan, Singapore, South Korea, Australia
Asia Deal Digest: Dec. 4, 2014

By Anna Zhang |

*Skadden guides Singapore's GIC on $8.1 billion U.S. logistics acquisition
*Reed Smith leads Dalian Wanda Commercial Properties $6 billion upcoming IPO
*Shearman on Chinese nuclear power producer CGN Power $3.6 billion Hong Kong IPO

China, Hong Kong
Shearman, Clifford Chance Lead CGN Power’s $3.6B Hong Kong Debut

By Anna Zhang |

The Chinese state-owned nuclear power producer is this year's largest IPO in Hong Kong.

Singapore
Skadden on GIC's $8.1B Investment in U.S. Logistics

By Tom Brennan |

The Singaporean sovereign wealth fund is buying Blackstone Group-controlled IndCor Properties Ltd. Simpson Thacher is acting for regular client Blackstone.

China
Same Firms on Alibaba IPO Lead Company's Record Bond Offer

By Anna Zhang |

Simpson Thacher and Sullivan & Cromwell have advised on the Chinese e-commerce giant’s $8 billion corporate debt sale, the largest-ever such offering in Asia.

China, Hong Kong
DLA Piper Leads Ping An's $4.7B Share Sale

By Tom Brennan |

The Shenzhen-based insurer raised funds through a private placement in Hong Kong in order to boost its capital reserves.

China, Hong Kong
Reed Smith Leads Dalian Wanda $6B IPO

By Anna Zhang |

The mainland Chinese conglomerate is planning a Hong Kong IPO of its commercial real estate arm to fund 10 new projects.

China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore
Asia Deal Digest: Nov. 27, 2014

By Tom Brennan |

*Allens, Minters on Sao Paulo-based JBS's $1.2 billion offer for Australia's Primo Smallgoods
*Drew & Napier acts for property developer CapitaLand on real estate deal in Indonesia
*Khaitan, Clifford Chance, Luthra on Calcutta Electric Supply's share sale in India

Australia
Allens, Minter Ellison on $1.2B Bid for Primo Smallgoods

By Tom Brennan |

Sao Paulo-based meat processing company JBS is buying Australia’s leading maker of ham, sausages and bacon in an all-cash deal.

Vietnam
A&O, Clifford Chance on Vietnam's $1B Bond Issuance

By Tom Brennan |

The deal markets the second time in a row that Allen & Overy has taken the lead role on the government's issuance of sovereign debt.

China, Hong Kong, India, Singapore, South Korea
Asia Deal Digest: Nov. 20, 2014

By Tom Brennan |

*HSF leads $1.2 billion transfer of power assets within state-run China Huaneng Group
*Allen & Overy, Ashurst on $2.8 billion financing of Indonesian natural gas project
*Cleary Gottlieb, Paul Hastings on Samsung SDS's $1.1 billion IPO in Korea

Clearing Ltd.'s executive officer Charles Li.

China, Hong Kong
Hong Kong and Shanghai Debut Cross-Market Share Trading

By Nick Ferguson |

The two cities have launched a pilot trading system that gives foreign investors direct access to Chinese A-shares for the first time.

Malaysia, United Kingdom
Norton Rose Fulbright on $2.1B Financing for Battersea Project

By Tom Brennan |

The London icon, seen in The Beatles movie Help! and on the cover of a Pink Floyd album, is being developed into a mixed-use site with luxury residences, retail shops and restaurants.

South Korea
Cleary, Kim & Chang Lead Samsung SDS IPO

By Tom Brennan |

The information technology division of mega-conglomerate Samsung Group raised $1.1 billion on the Korea Exchange.

Indonesia
A&O, Ashurst on Financing for $2.8B LNG Project in Indonesia

By Tom Brennan |

The Donggi-Senoro plant, which is expected to launch in mid-2015, will have a production capacity of 2 million tons of liquefied natural gas a year.

China, Singapore
Five Firms Lead CITIC-KKR Bid for Singapore's United Envirotech

By Tom Brennan |

The two investment giants are offering close to a billion dollars for a water-treatment company that has extensive operations in mainland China.

China, Hong Kong, India, Indonesia
Asia Deal Digest: Nov. 13, 2014

By Anna Zhang |

*Five firms on near billion-dollar offer by CITIC, KKR for Singapore's United Envirotech
*Jones Day, Milbank lead Philippines retailer SSI Group on its recent IPO
*Clifford Chance acts for Australia's AMP as it buys a stake in China Life Pension

China, Hong Kong
King & Wood Mallesons Leads China Travel Service $1B Bond

By Anna Zhang |

Davis Polk & Wardwell served as underwriters' counsel to the state-owned travel agency's offer.

China, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Singapore, South Korea, Australia
Asia Deal Digest: Nov. 6, 2014

By Anna Zhang |

*Simpson, Sullivan & Cromwell on Danone's $565 million Yashili investment
*Davis Polk, Clifford Chance on China Hongqiao high-yield bond offer
*Herbert Smith Freehills on Tata Motors $750 million bond offer

Malaysia, Singapore
Zico Holdings Plans Singapore IPO

By Tom Brennan |

The Kuala Lumpur-based company, which has links to Southeast Asian firm Zicolaw, is looking to raise about $11 million to fund expansion ahead of the launch of the so-called ASEAN Economic Community next year.

Indonesia
Milbank on Lion Air $1.2 Billion Engine Order

By Anna Zhang |

The Indonesian carrier is a longtime client of the firm's Singapore partner Paul Ng.

Hong Kong
Sullivan & Cromwell, Magic Circle Duo on $5.4B Hutchison Bond

By Anna Zhang |

Sullivan & Cromwell and Freshfields advise the Hong Kong conglomerate with Allen & Overy acting for the banks.

Expanding Overseas? Think (and Act) Local

By Lisa Shuchman |

Companies expanding globally face multiple challenges if they do not identify the laws and regulations of each country in which they operate, a panel of lawyers said at the Association of Corporate Counsel's annual meeting.

China, Hong Kong, India, Indonesia, Japan
Asia Deal Digest: Oct. 30, 2014

By Tom Brennan |

*Magic Circle duo leads $6.5 billion Bank of China share sale
*Simmons & Simmons acts for Hong Kong's United Energy on $786 million bond program
*MoFo advises SoftBank on $627 million investment into Indian e-commerce company

India
MoFo Guides SoftBank on $627M India Investment

By Tom Brennan |

The Japanese company is buying a majority share in Indian e-commerce outfit Snapdeal.

Hong Kong
Magic Circle Duo on $6.5B Bank of China Deal

By Anna Zhang |

The Chinese state-owned lender sold preference shares in Hong Kong to bring its capital reserves in line with newly adopted international regulations.

China, Hong Kong, Indonesia, Singapore, Australia
Asia Deal Digest: Oct. 23, 2014

By Tom Brennan |

*Three firms on Medibank Private Ltd.'s $4.8 billion Australian IPO
*Hong Kong firm Deacons advises Chinese state-run Bohai Steel Group Co. on bond sale
*Herbert Smith Freehills acts for Energy Development Corp. on financing for Philippines' largest wind farm

Australia
Three Firms Lead Medibank's $4.8B Australian IPO

By Tom Brennan |

The Australian government, Medibank's sole shareholder, plans to sell its entire holding in order to raise money for infrastructure investment.

China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Malaysia, Myanmar, Singapore, Australia, New Guinea
Asia Deal Digest: Oct. 16, 2014

By Anna Zhang |

*Simpson Thacher, Sullivan & Cromwell lead two Tokyo IPOs worth $2.6 billion
*Morgan Lewis guides Kazakhstan through its first dollar bond issue in 14 years
*Skadden acts on the first listing by a Malaysian company in the U.S.

Japan
Simpson Thacher, Sullivan & Cromwell on Two Japan IPOs

By Anna Zhang |

The firms led Recruit Holdings' $1.9 billion offering and that of Skylark Co., which raised $700 million.

Kazakhstan
Morgan Lewis on Kazakhstan's $2.5B Bond Offer

By Anna Zhang |

White & Case advised the underwriters on the Central Asian country's first dollar notes issuance in fourteen years.

India
Amarchand Advises IFC on $1B Indian Bond Deal

By Tom Brennan |

The International Finance Corp. sold rupee-denominated notes to fund infrastructure investments in the country.

New Guinea
Clifford Chance on Sime Darby's $1.74B Papua New Guinea Buy

By Tom Brennan |

The Malaysian conglomerate is acquiring New Britain Palm Oil in an effort to further expand its plantation business.

China, Hong Kong, Japan, Singapore
Asia Deal Digest: Oct. 9, 2014

By Tom Brennan |

*Five firms on Anbang Insurance's $1.95 billion purchase of the Waldorf Astoria New York
*Ashurst advises state-run PT Pertimina on $2 billion acquisition of Murphy Oil's Malaysian assets
*Herbert Smith Freehills guides Australia's Regis Healthcare on its recent IPO.

Japan
Latham Leads Starbucks' $914M Japan Buyout

By Tom Brennan |

The Seattle-based coffee giant is taking control of its Japanese operations through a buyout of its joint venture partner and the purchase of all outstanding shares.

Skadden Once Again Comes Out on Top of M&A Rankings

By Wenxiong Zhang |

Continuing on its transactional tear, Skadden, Arps, Slate, Meagher & Flom sat atop three separate rankings of legal advisers for global M&A deals based on total transaction value in the first three quarters of the year.

China
Five Firms on $1.95 Billion Waldorf Astoria Deal

By Tom Brennan |

Skadden, Fried Frank, Greenberg Traurig, Simpson Thacher and Dentons all have roles on a Chinese company's purchase of the landmark New York hotel.

Brunei, India, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore
Finalists Announced for The Asian Lawyer's Emerging Markets Awards

By Tom Brennan |

We've chosen a short list in 17 different categories for our inaugural awards recognizing the top matters and lawyers in Southeast Asia and India.

Malaysia
Gibson Dunn on Pertamina's $2 Billion Malaysia Buy

By Tom Brennan |

The Indonesian state-run company is acquiring 30 percent of the Malaysian oil and gas assets held by U.S. energy outfit Murphy Oil Corp.

Susan Mac Cormac, Morrison & Foerster partner

Japan
MoFo Helps Softbank Buy Piece of Hollywood

By David Ruiz |

The San Francisco-based firm represented Japanese telecommunications giant Softbank Corp. in a $250 million investment into film and media studio Legendary Entertainment, which is known for "Where the Wild Things Are," "Inception" and the "Dark Knight" films.

China
MoFo on Intel's $1.5 Billion Chinese Investment

By Tom Brennan |

The U.S. chipmaker is buying a 20 percent stake in state-run technology company Tsinghua Unigroup Ltd.

China, Hong Kong, Japan, Singapore, Australia
Asia Deal Digest: Sept. 25, 2014

By Tom Brennan |

*Ashurst on Leighton-led consortium's $3.2 billion bid to build Sydney transit system
*Davis Polk, Skadden lead Chinese car rental company CAR Inc.'s $468 million Hong Kong IPO
*Norton Rose, Allen & Overy advise on Hong Kong's first-ever Islamic bond issuance

Australia
Allens on Financing for Fraser's $2.4 Billion Australand Takeover

By Tom Brennan |

The Singaporean real estate group had outbid Sydney-based Stockland Corp. to win 68 properties in Australia’s major cities.

China, Hong Kong, India, Laos, Philippines, Singapore, South Korea, Australia
Asia Deal Digest: Sept. 18, 2014

By Anna Zhang |

*Allen & Overy, Clifford Chance on $916 million Laos hydropower project development and financing
*Latham & Watkins advises Chinese private equity firm FountainVest Partners on its first U.S. investment
*Cleary leads state-run Korea Development Bank's $750 million note issuance

China
Latham, Davis Polk on FountainVest's First U.S. Buy

By Anna Zhang |

The Chinese private equity firm is paying up to $800 million for a controlling stake in auto supplier Key Safety Systems.

Laos
Allen & Overy on $916 Million Laos Power Project

By Tom Brennan |

Clifford Chance acted for a group of nine lenders funding the 290-megawatt hydro plant, which is expected launch in 2019.

David Makarechian O'Melveny & Myers

Singapore
O'Melveny on $700 Million Investment in XPO Logistics

By David Ruiz |

Weil, Gotshal & Manges, Wachtell, Lipton, Rosen & Katz and Canadian firm Torys also have roles in the deal.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: Sept. 11, 2014

By Tom Brennan |

*Linklaters leads establishment of China Orient Asset Management's $2 billion medium-term note program
*Jones Day acts for Japan's Ajinomoto on its $800 million offer for U.S. frozen-foods maker Windsor Quality
*Rajah & Tann on KMP Private Ltd.'s $37 million investment in Vietnamese feed company Hiep Thanh Group

China, Hong Kong, Singapore, Australia
Asia Deal Digest: Sep. 4, 2014

By Anna Zhang |

*Davis Polk on Taiwan's largest dollar debt offer
*DLA Piper leads $464 million Fosun investment
*Clayton Utz, A&O on $540 million Veda share sale

China
Paul Hastings Leads China Huarong $2.4bn Share Sale

By Anna Zhang |

Eight investors including Warburg Pincus and Goldman Sachs bought 21 percent of the Chinese bad-debt manager ahead of its IPO.

Global Legal Awards: Global M&A Deals of the Year

This category of The American Lawyer's Global Legal Awards recognizes 2013's largest and most complex mergers and acquisitions in every corner of the globe.

China, Hong Kong
Freshfields on Citic $6.9 Billion Share Placement

By Anna Zhang |

The Chinese state-owned enterprise sold shares to 27 investors to fund its $36.8 billion restructuring.

Global Legal Awards: Global Finance Deals of the Year

In this category, The American Lawyer's Global Legal Awards recognizes the 10 deals that best exemplify the challenges of transnational finance practice, from capital markets offerings to capital restructurings to infrastructure projects conceived on a vast scale.

China, Hong Kong, India, Japan, Singapore, Taiwan, Vietnam, Australia
Asia Deal Digest: Aug. 28, 2014

By Anna Zhang |

*Kirkland & Ellis advises Orchid Asia on $920 million China fund
*HSF, KWM lead AGL's $1.1 billion rights issue for MacGen acquisition
*Simpson Thacher, Gunderson Dettmer on Murata's $465 million acquisition of chipmaker Peregrine

Australia
HSF, KWM Lead on AGL's Billion-Dollar Rights Offer

By Anna Zhang |

The Sydney-based power company will use the proceeds to fund its recently approved $1.4 billion acquisition of Macquarie Generation.

China
Kirkland & Ellis on Orchid Asia $920 Million Fund

By Anna Zhang |

The Chinese private equity firm closed its sixth fund to invest in high-growth Chinese companies.

China, Hong Kong, Singapore, Australia
Asia Deal Digest: Aug. 19, 2014

By Tom Brennan |

*Allen & Gledhill, Clifford Chance on OCBC’s $2.7 billion rights issue in Singapore
*HSF advises KKR/Abacus joint venture on stake purchase in Melbourne’s World Trade Center
*Gibson Dunn leads Chinese consortium’s $1.7 billion take-private offer for U.S. chipmaker OmniVision

Singapore
Allen & Gledhill on OCBC’s $2.7 Billion Rights Issue

By Anna Zhang |

Singapore’s second-largest lender by assets is looking to refill its coffers after spending $5 billion to purchase Hong Kong-based Wing Hang Bank.

China
Gibson Dunn on Chinese Consortium's Bid for OmniVision

By Anna Zhang |

Beijing-based Hua Capital Management and Shanghai Pudong Science and Technology Investment are looking to take the Santa Clara-based company private for $1.7 billion.

Japan
MoFo, Ashurst Lead CP Group-Itochu Alliance

By Tom Brennan |

The Thai conglomerate and Japanese trading house have struck a billion-dollar deal that will see them collaborate in the food and agribusiness sectors.

Singapore
The New Nativist Normal

By Anthony Lin |

A rising anti-immigrant tide in Singapore is putting international law firms on edge.

Australia
Aussie Firms on $6.6 Billion Toll Road Deal

By Anna Zhang |

A consortium led by Transurban Group, Australia’s largest toll road operator, is buying regional competitor Queensland Motorways Ltd.

China
Davis Polk Advises CNOOC on $4 Billion Bond Issue

By Anna Zhang |

The Chinese state-owned oil company will use the proceeds to repay funds borrowed to finance its $15.1 billion acquisition of Canada's energy company Nexen Inc.

China, Hong Kong, India, Singapore, Australia
Asia Deal Digest: April 24, 2014

By Tom Brennan |

* Herbert Smith Freehills and Freshfields lead on state-owned company's acquisition of Hess Oil assets in Thailand
* Cleary, O'Melveny and Kirkland on a Chinese IT company's $332 million take-private
* Willkie Farr guides a U.S. VC fund on a $250 million investment Down Under

Singapore
Linklaters on $1 Billion OCBC Bond Issue

By Tom Brennan |

The Singaporean bank sold the 10-year bonds in order to raise money for general corporate purposes and to comply with new reserve requirements.

Thailand
Herbert Smith Freehills Advises Thai SOE on Hess Buyout

By Tom Brennan |

PTT Exploration and Production Pcl. is paying $1 billion for Hess' interest in two natural gas projects in Thailand.

India
Amarchand on $1 Billion Oil India Bond Issue

By Tom Brennan |

The state-owned oil company is raising funds to repay existing debt.

China, Hong Kong, India, Malaysia, Australia
Asia Deal Digest: April 17, 2014

By Anna Zhang |

* White & Case and Linklaters lead on $5.85 billion Chinese mine acquisition in Peru
* Chinese retail group turns to Simpson Thacher for its takeover of a British department store chain
* Milbank advises the government of Sri Lanka on a third sovereign bond offering

China
Simpson, Linklaters on Chinese Department Store Buy

By Anna Zhang |

A Chinese company is buy British department store chain House of Fraser for $804 million, with plans to open 50 stores in China.

China, Hong Kong
Skadden Advises Sinopec on $5 Billion Bond Issue

By Tom Brennan |

It is the third multibillion-dollar bond offering by the Chinese state-owned oil giant in the past year.

China
Three Firms on Chinese Group's $6 Billion Peru Mine Buy

By Tom Brennan |

A consortium of state-owned companies led by China Minmetals subsidiary MMG is acquiring the Las Bambas copper project in southern Peru from GlencoreXstrata.

India
S&R, Amarchand on Vodafone India Buyout

By Anna Zhang |

Vodafone last week paid $1.48 billion for the remaining 11 percent stake in Vodafone India Ltd. it didn’t already own, making it the first foreign telecom carrier to wholly own its Indian subsidiary.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: April 10, 2014

By Tom Brennan |

* Shearman and Davis Polk on $3.2 billion merger of Indian generic drug makers
* Linklaters and Gilbert + Tobin advising a South African retailer on its $2 billion bid for Australia's David Jones department stores
* Chinese state food giant COFCO turns to Clifford Chance for Hong Kong grain trading acquisition

Australia
Four Firms on Woolworths' Aussie Acquisition

By Tom Brennan |

South African retailer Woolworths has offered to pay $2 billion for Australia's David Jones chain of upscale department stores.

Australia
Aussie Firms on Wesfarmers' Insurance Brokerage Sale

By Tom Brennan |

U.S. insurance brokerage Arthur J. Gallagher & Co. has proposed buying the business of the Australian conglomerate for $933 million.

India
Shearman, Davis Polk on $3.2 Billion India Drug Merger

By Anna Zhang |

Indian generic drug maker Sun Pharmaceutical Industries Ltd. is acquiring local competitor Ranbaxy Laboratories Ltd. from Japan's Daiichi Sankyo Co.

China, Hong Kong
Clifford Chance Advises COFCO on Hong Kong Acquisition

By Anna Zhang |

The Chinese state-owned food giant is buying a controlling stake in the agricultural unit of supply chain company Noble Group.

China, Hong Kong, India, Japan, Singapore, Australia
Asia Deal Digest: April 3, 2014

By Anna Zhang |

* HWL Ebsworth advises restructuring Aussie mall developer Westfield on $20 billion in loan facilities
* Slaughter and May and Freshfields on Singapore bank's proposed $5 billion Hong Kong acquisition
* Skadden guides Chinese antivirus software maker on $300 million U.S. IPO

Australia
Herbert Smith Freehills on $2.76 Billion Motorway Deal

By Anna Zhang |

A consortium led by Queensland state government-owned investment fund QIC Ltd. has agreed to pay $2.76 billion to build the nine-kilometer NorthConnex Motorway near Sydney.

Australia
Aussie Firms on $20 Billion Westfield Financing

By Anna Zhang |

The loans will finance a restructuring that will split the Australian shopping mall developer into domestic and international arms.

China, Hong Kong
Magic Circle Firms on $5 Billion Hong Kong Bank Bid

By Anna Zhang |

Oversea-Chinese Banking Corp., Singapore’s second-largest lender, is offering to buy Hong Kong's Wing Hang Bank Ltd. in a bid to expand its reach into China.

China
Slaughter and May on Alibaba Offline Investment

By Anna Zhang |

The Chinese e-commerce giant is investing $692 million in Beijing-based department store operator Intime Retail (Group) Co. Ltd.

India
Jones Day on Indian Government Bank Share Sale

By Anna Zhang |

The government is selling part of its stake in privately held Axis Bank to help close a budget deficit.

China, Hong Kong, Indonesia, Singapore, Australia
Asia Deal Digest: March 27, 2014

By Tom Brennan |

* Latham advising Georgina Rinehart's Roy Hill iron mine on largest project financing ever
* Clifford Chance and Freshfields on Temasek's proposed $5.7 billion investment in Hong Kong retail group A.S. Watson
* Malaysian telecom giant Axiata turns to Sidley for a major Indonesian acquisition

Australia
Ashurst Advising German Builder on Leighton Bid

By Anna Zhang |

Hochtief Aktiengesellschaft A.G. is offering to pay $1.1 billion to increase its stake in Australian construction company Leighton Holdings Ltd.

Indonesia
Sidley on $865 Million Indonesian Mobile Acquisition

By Tom Brennan |

The Indonesian subsidiary of Malaysian mobile telecommunications carrier Axiata Group Bhd. is buying local rival PT Axis Telekom Indonesia from Saudi Telecom Co.

Clearing Ltd.'s executive officer Charles Li.

China, Hong Kong
Hong Kong Looks Beyond Lost Alibaba IPO

By Anna Zhang |

Chinese e-commerce giant Alibaba Group's decision to hold what's expected to be the world's largest initial public offering since Facebook in New York instead of Hong Kong was long anticipated. But the company's recent final decision, which coincided with announcements of U.S. listings by other leading Chinese tech companies, has nevertheless swiftly renewed anxieties about Hong Kong’s future as an IPO destination.