Australia

Herbert Smith Freehills Melbourne partners Baden Furphy and Richard Loveridge are advising Australia’s second-largest private hospital operator, Healthscope Ltd., on its upcoming $2.4 billion initial public offering. Healthscope operates 44 hospitals in Australia, in addition to running pathology centers in New Zealand, Malaysia, Singapore and Vietnam. The company plans to sell between 1.12 billion shares and 1.28 billion shares at a range of $1.63 to $2.12 in order to repay existing debt. The shares are expected to list on the Australian Securities Exchange on July 31. Gilbert + Tobin Sydney partner Peter Cook is representing joint lead managers Macquarie Capital (Australia) Ltd., UBS A.G., CIMB Capital Markets (Australia) Ltd., Credit Suisse (Australia) Ltd., Goldman Sachs Australia Pty. Ltd. and Merrill Lynch Equities (Australia) Ltd. [Read full story]

Gilbert + Tobin Sydney partner Peter Cook is advising Singapore-based agribusiness Wilmar International Ltd. and Hong Kong investment company First Pacific Co. Ltd. on a $1.3 billion proposal to buy Australian food processor Goodman Fielder Ltd. Wilmar and First Pacific currently hold a 19.9 percent share of Goodman Fielder, which is known in Australia for popular food brands such as Vogel’s bread, Meadow Fresh milk and MeadowLea butter. They will pay $0.64 apiece for the remaining shares they do not own. The transaction, subject to both shareholder and regulatory approval, is expected to close by the end of the year. Herbert Smith Freehills Sydney partner Tony Damian is representing Goodman. [Read full story]


Singapore

Drew & Napier partner Farhana Siddiqui has advised wealth management company RBC Investor Services Trust Singapore Ltd. on establishing a $1 billion medium-term note program. RBC will sell the bonds through OUE H-Treasury Pte. Ltd., its wholly owned real estate investment arm. Linklaters advised DBS Bank Ltd. and Standard Chartered Bank as program arrangers and DB International Trust (Singapore) Ltd. as trustee.

Allen & Gledhill partners Yeo Wico and Jeanne Ong have advised Clifford Capital Pte. Ltd. on the establishment of a $500 million euro-denominated note program. Singapore-based Clifford Capital provides debt financing to companies in the city-state’s infrastructure and offshore marine sectors. Latham & Watkins advised program arrangers Standard Chartered Bank, Bank of America Merrill Lynch, Barclays Bank, Hong Kong and Shanghai Banking Corp. Ltd. and DBS Bank Ltd.


China/Hong Kong

Ashurst Hong Kong partners Lina Lee and Stuart Rubin are advising Chinese drugmaker Luye Pharma Group Ltd. on its $764 million initial public offering in Hong Kong. Luye makes cancer, heart and gastrointestinal medications mainly for the Chinese market. Proceeds will be used for product portfolio expansion, research and development and acquisition of other pharmaceutical companies. King & Wood Mallesons is advising the company on Chinese law, while Conyers Dill & Pearman is serving as Bermuda counsel. Herbert Smith Freehills Hong Kong partners Gary Lock and Kevin Roy are representing joint global coordinators UBS AG, Citigroup Global Markets Asia Ltd. and CLSA Ltd. Grandall Law Firm is acting for the banks on Chinese law. [Read full story]

Davis Polk & Wardwell Hong Kong partners Miranda So and Kirtee Kapoor have advised Chinese Internet giant Tencent Holdings Ltd. on a $736 million investment in online classifieds company 58.com Inc. Shenzhen-based Tencent is buying a 19.9 percent stake in 58.com, which operates a Craigslist-like website where users post advertisements for jobs, real estate listings and various other services. The deal will allow Tencent to integrate 58.com’s service with its own social networks, including the popular WeChat mobile application. Skadden, Arps, Slate, Meagher & Flom Hong Kong partner Julie Gao and Hong Kong partner Will Cai are representing 58.com. [Read full story]

Clifford Chance Hong Kong partners Amy Lo and Anthony Wang, Shanghai partner Jean Thio and New York partner Jonathan Zonis represented China’s Tianhe Chemicals Group Ltd. on a $650 million initial public offering on the Hong Kong Stock Exchange. According to the IPO prospectus, proceeds will be used to develop new products and repay existing debt. Commerce & Finance Law Offices advised Tianhe on Chinese law, with Maples and Calder serving as British Virgin Islands counsel. Simpson Thacher & Barlett Hong Kong partners Christopher Wong, Leiming Chen and Celia Lam represented underwriters Morgan Stanley Asia Ltd., UBS Securities Hong Kong Ltd. and Merrill Lynch Far East Ltd. Jia Yuan Law Offices was Chinese counsel.

Freshfields Bruckhaus Deringer Hong Kong partners Grace Huang and Ken Martin advised on the $414 million IPO of Shanghai-based real estate trust Jinmao Investments and its parent Jinmao (China) Investment Holdings Ltd., which jointly sold share-stapled units to investors. The trust includes eight luxury hotels in China and Jinmao Tower, Shanghai’s second-tallest building. Jinmao (China) is owned by Franshion Properties, the real estate arm of state-owned Sinochem Group. Tian Yuan Law Firm advised the issuer on Chinese law. Mayer Brown JSM advised underwriters Deutsche Bank AG, Morgan Stanley Asia Ltd., DBS Asia Capital Ltd. and Standard Chartered Securities (Hong Kong) Ltd. Jun He Law Offices acted for the banks on Chinese law.

Freshfields Bruckhaus Deringer Hong Kong partners Calvin Lai and Andrew Heathcote acted for China City Construction (International) Co. Ltd. on a $402 million renminbi-denominated bond issue in Hong Kong. State-owned China City Construction builds large-scale infrastructure projects throughout mainland China. Latham & Watkins advised underwriters BNP Paribas, BofA Merrill Lynch and BOC International.

Skadden, Arps, Slate, Meagher & Flom Hong Kong partners Julie Gao, Jonathan Stone and Will Cai have advised 21Vianet Group Inc. on a $322 million renminbi-denominated bond issue on the Singapore Stock Exchange. Beijing-based 21Vianet Group provides Internet data center services in 44 Chinese cities. Proceeds will be used to build new data centers, fund acquisitions and repay existing debt. Allen & Overy Hong Kong partners David Kuo and Alex Stathopoulos advised underwriter Barclays Bank Plc., with Jun He Law Offices serving as Chinese counsel.

Clifford Chance Singapore partner Raymond Tong has advised Everbright Hero Holdings Ltd., a subsidiary of Chinese state-owned financial service group China Everbright Ltd., on a $227 million investment in Singapore-listed Ying Li International Real Estate Ltd. Everbright will pay $79 million in cash for a 14.9 percent stake in addition to subscribing to $148 million worth convertible bonds. The deal will allow Everbright and Ying Li, a Chongqing-based commercial developer, to jointly develop projects in mainland Chinese cities. Stamford Law advised Ying Li International.

Li & Partners has advised Central China Securities on a $193 million initial public offering in Hong Kong. Based in Henan province in central China, the securities broker will use the proceeds as capital for its lending business. Beijing Junzhi Law Offices advised the issuer on Chinese law. Clifford Chance Hong Kong partner Cherry Chan and Shanghai partner Jean Thio acted for underwriters CCB International Capital Ltd., ICBC International Capital Ltd., Hongkong and Shanghai Banking Corp. Ltd., BOCOM International Securities Ltd. and DBS Asia Capital Ltd. Jia Yuan Law Offices served as the banks’ Chinese counsel.

Sidley Austin Hong Kong partners Constance Choy, Sherlyn Lau and Jason Kuo have advised Chinese business park developer Yida China Holdings Ltd. on a $183 million initial public offering on the Hong Kong Stock Exchange. The Dalian-based company will use the proceeds for land acquisition and construction of existing projects. Commerce & Finance Law Offices acted for the issuer on Chinese law, with Conyers Dill & Pearman as Cayman Islands counsel. Simpson Thacher & Bartlett advised underwriters Deutsch Bank AG, Citigroup Global Markets Asia Ltd. and Morgan Stanley Asia Ltd. Jingtian & Gongcheng served as the banks’ Chinese counsel.

Sidley Austin Hong Kong partners Constance Choy, Janney Chong and Matthew Sheridan have advised Chinese property management company Colour Life Services Group Co. on a $121 million initial public offering on the Hong Kong Stock Exchange. Shenzhen-based Colour Life provides security and maintenance services to residential and commercial properties. According to the IPO prospectus, the company will use most of the proceeds to acquire regional competitors and update current security systems. Commerce & Finance Law Offices represented the issuer on Chinese law, while Conyers Dill & Pearman acted as Cayman Islands counsel. Simpson Thacher & Bartlett Hong Kong partner Christopher Wong advised underwriters Merrill Lynch International and Guotai Junan Securities (Hong Kong) Ltd. King & Wood Mallesons served as Chinese counsel to the banks.

Howse Williams Bowers Hong Kong partner Brian Ho represented Chinese women’s clothing manufacturer Koradior Holdings Ltd. on a $67 million initial public offering on the Hong Kong Stock Exchange. The Shenzhen-based company will use the proceeds to open 112 Chinese retail stores in the next two years, as well as for other corporate purposes. Shenzhen-based Shu Jin Law Firm served as the issuer’s Chinese counsel. Paul Hastings Hong Kong partners Raymond Li, Ren Zhaoyu and Li Nan advised underwriters Haitong International Capital Ltd. and CIMB Securities Ltd. Commerce & Finance Law Offices advised on Chinese law.

Pinsent Masons is acting for apparel distributor Hanbo Enterprises Holdings Ltd. on a $6.2 million initial public offering on the Hong Kong Stock Exchange. Proceeds will be used to expand the company’s manufacturer network. Beijing-based Guantao Law Firm advised the issuer on Chinese law, while Conyers Dill & Pearman acted as Cayman Islands counsel. Partner Alfred Lee at Locke Lord’s Hong Kong association firm Cheung & Lee advised underwriters Quam Capital Ltd. and Quam Securities Co. Ltd. Dacheng Law Offices served as Chinese counsel to the underwriters.


India

Talwar Thakore & Associate Mumbai partner Rahul Gulati has advised Indian telecommunications company Reliance Communications Ltd. on a near $1 billion share sale. Mumbai-based Reliance, India’s fourth-largest telecom operator, sold $786 million in shares to institutional investors in order to repay existing debt, and another $213 million to the company’s founders. Jones Day Singapore partner Manoj Bhargava represented underwriters J. P. Morgan Securities, CLSA Ltd., Macquarie Capital Ltd., Edelweiss Financial Services Ltd. and Axis Capital Holdings Ltd. S&R Associates Mumbai partners Sandip Bhagat and Bhakta Patnaik served as Indian counsel to the banks. [Read full story]


Southeast Asia

Baker & McKenzie member firm Wong & Partners acted for Malaysia’s Icon Offshore Bhd. on a $295 million initial public offering on the Kuala Lumpur Stock Exchange. State-owned Icon Offshore operates vessels to support offshore oil platforms. The company will use the proceeds to expand its vessel fleet and repay existing debt. Kuala Lumpur partner Munir Abdul Aziz led the Wong & Partners team advising Icon Offshore, while Baker & McKenzie Singapore partner Ashok Lalwani advised the issuer on U.S. law. Albar & Partners advised Maybank Investment Bank Bhd. as lead underwriter. Clifford Chance acted for co-underwriters BNP Paribas Malaysia Bhd. and Credit Suisse (Singapore) Ltd.

Email: azhang@alm.com.