Tian Yuan, C&F lead on two medicine and healthcare IPOs in HK

BY Hu Yangxiaoxiao 胡阳潇潇 |

Tian Yuan Law firm and Commerce & Finance Law Offices have led on two new health sector initial public offerings of Hygeia Healthcare and Hepalink Pharma in Hong Kong. They’ve advised the issuers and joint sponsors respectively in both deals.

C&F, Paul Hastings, Haiwen, CC on 2020’s first PRC bank IPO in HK

BY Hu Yangxiaoxiao 胡阳潇潇 |

Paul Hastings and Commerce & Finance Law Offices have advised China Bohai Bank on its $1.78 billion initial public offering in Hong Kong, with Clifford Chance and Haiwen & Partners advising the joint sponsors.

DeHeng, Zhong Lun, STB, Reed Smith on Smoore’s $885 million IPO in HK

BY Hu Yangxiaoxiao 胡阳潇潇 |

DeHeng Law Offices and Simpson Thacher & Bartlett have advised China vaping device manufacturer Smoore on its $885 million initial public offering in Hong Kong, with Reed Smith Richards Butler, Reed Smith and Zhong Lun Law Firm advising the sole sponsor Citic Securities.

AZB, Davis Polk, Freshfields, JSA advise as India’s Jio sells stake to Google

BY Aparna Sai |

AZB & Partners and Davis Polk & Wardwell have advised Jio Platforms on its $4.5 billion sale of a 7.73 percent stake to Google, which was represented by Freshfields Bruckhaus Deringer and J. Sagar Associates.

Nishimura acts as Sompo invests $500 mln in big data company Palantir

BY Aparna Sai |

Nishimura & Asahi has advised Japanese insurance company Sompo Holdings on its $500 million investment in Silicon Valley data analytics company Palantir Technologies.

Skadden, Kirkland act as two major NY-listed Chinese web companies go private

BY Hu Yangxiaoxiao 胡阳潇潇 |

Skadden, Arps, Slate, Meagher & Flom and Han Kun Law Offices have advised Chinese car comparison website Bitauto and classifieds portal 58.com, both previously listed in New York, in going private with the transactions being valued at $1.1 billion and $8.7 billion, respectively.

Links, DLA, CC advise on Cathay Pacific’s $5 bln bailout

BY Aparna Sai |

Linklaters is advising Cathay Pacific Airways on its HK$39 billion ($5 billion) Hong Kong government-backed recapitalisation plan, aimed at shoring up the city’s flag-carrier at a time when airlines globally have been hit by a travel slump triggered by the coronavirus pandemic.

Skadden, Zhong Lun, Davis Polk, JunHe on NetEase’s $2.7 bln secondary listing

BY Hu Yangxiaoxiao 胡阳潇潇 |

Skadden, Arps, Slate, Meagher & Flom, Gibson, Dunn & Crutcher and Zhong Lun Law Firm have advised China internet heavyweight NetEase on its $2.7 billion secondary listing in Hong Kong, with Davis Polk & Wardwell and JunHe advising the joint underwriters.

Davis Polk, G&R, Freshfields advise on Gojek's investments from Facebook, PayPal

BY Aparna Sai |

Davis Polk & Wardwell and Allen & Overy's Ginting & Reksodiputro are advising Indonesian payment, food delivery and ride-hailing app operator Gojek on investments from Facebook’s messaging app WhatsApp and PayPal, with Freshfields Bruckhaus Deringer representing the latter.

Davis Polk, AZB represent India’s Jio Platforms in stake sales to Abu Dhabi

BY Aparna Sai |

AZB & Partners has advised Jio Platforms, the digital arm of India’s Reliance Industries on the sale of two more stakes – to Abu Dhabi state fund Mubadala Investment, and to the Abu Dhabi Investment Authority (ADIA).