find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Senior family lawyer - Melbourne
Category: Family Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Outstanding national firm · High-calibre family law team
View details
Largest Hong Kong rights issue of the year kicks off

Largest Hong Kong rights issue of the year kicks off


King & Wood Mallesons has advised Chinese investment company Fosun International in relation to a US$1.5 billion rights issue.

Firms: King & Wood Mallesons (Fosun International's Hong Kong and US legal adviser); Paul Hasting (underwriters, China Merchants Bank International)

Deal: Fosun International has made a US$1.5 billion rights issue.

Value: US$1.5 billion

Area: Banking and finance

Key players: The KWM team was led by partners Gary Lock (pictured), advising on Hong Kong law; Christine Chen, advising on US law aspects of the transaction; and Richard Mazzochi, advising on bank financing. The other members of the team were Eugene Lau, Gloria Wong, Kareen Wang, Heidi Chiu and Tiffany Sze-to.

Deal significance:

According to a release by KWM, this transaction is Hong Kong’s largest rights issue to date in 2015.

Fosun International Limited is one of China’s largest investment companies. Its primary businesses include insurance, industrial operations, investment, and asset management.

Fosun International intends to utilise the net proceeds of the rights issue for mergers and acquisitions in the banking and insurance industry and repayment of loans.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Largest Hong Kong rights issue of the year kicks off
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...