UK firm acts as Alibaba.com withdraws from HK stock exchange
Slaughter and May has taken the lead role on the $2.5bn (£1.6bn) privatisation of Chinese online shopping giant Alibaba.com.
2 minute read
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https://www.law.com/international-edition/2012/03/01/slaughters-advises-as-chinese-online-shopping-giant-goes-private/
Slaughters advises as Chinese online shopping giant goes private
Slaughter and May has taken the lead role on the $2.5bn (£1.6bn) privatisation of Chinese online shopping giant Alibaba.com. The magic circle firm is advising Alibaba on its withdrawal from the Hong Kong Stock Exchange, fielding a team led by Hong Kong capital markets partner Benita Yu (pictured). The privatisation, announced on 21 February this year, has seen Alibaba Group offer HK$13.50 (£1.10) per share, a 60% premium on the 60-day average closing price.
March 01, 2012 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
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