Freshfields Bruckhaus Deringer has advised a consortium of underwriters on a US$421m rights issue for Uni-President China Holdings Limited (Uni-President).

The new issue, comprised of 3,599,445,000 shares at a price of HK$4.56 per share, commenced trading on the Hong Kong Stock Exchange on 25 June 2014.

Uni-President is one of China’s largest food and beverage manufacturers and includes the iconic ‘Uni-President’ brand.

Freshfields advised joint underwriters JP Morgan and BNP Paribas on both the Hong Kong and US aspects of the rights issue.

The Freshfields team was led by China Chairman Teresa Ko and US corporate partner Ken Martin.