Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with the planned tender offer by KKR’s affiliate, HK Holdings Co., Ltd., to obtain up to 100% of the issued and outstanding common shares of Hitachi Koki Co., Ltd. (“Hitachi Koki”). In connection with the tender offer, KKR has entered into a tender agreement with Hitachi Ltd. (“Hitachi”) and Hitachi Urban Investment, Ltd.

Hogan Lovells is representing Zynerba Pharmaceuticals, Inc. (ZYNE), a clinical-stage specialty pharmaceutical company dedicated to the development of innovative transdermal synthetic cannabinoid treatments, in a public offering worth approximately US$50.4 million.

The offering of 2.8 million shares of its common stock at a price of US$18.00 per share is subject to customary closing conditions. Proceeds will be used to fund research, clinical development and general corporate purposes. The transaction is expected to close on or about January 24, 2017.

Sidley advised China International Capital Corporation Hong Kong Securities Limited (CICC HK) as underwriter’s counsel, on the issuance of 1.9 billion new H-shares by China Cinda Asset Management Co., Ltd. (China Cinda) with an aggregate consideration of approximately RMB5.5 billion (around US$800 million). CICC HK acted as the sole placing agent, sole global coordinator and sole financial advisor in the transaction. Net proceeds of issue will be used to replenish the company’s core tier 1 capital and support its business development.

Leading global law firm Herbert Smith Freehills has advised mining group MMG Limited on a HK$3,968 million (US$512 million) rights issue.

The rights issue was 6.5 times oversubscribed.

MMG Limited is dual listed on the Australian and Hong Kong exchanges. It mines copper, zinc and other base metals projects across Australia, the Democratic Republic of the Congo, Laos and Peru.

The company's major shareholder is China Minmetals Corporation, one of China's major multinational state-owned enterprises.

On 21 December 2016, Matterhorn Pharma Holding, a company controlled by the Al Faisaliah Group Holding Company, announced a public tender offer for 100'000 to up to a maximum of 400'000 registered shares of Zur Rose Group AG, which is not subject to the provisions of the Swiss financial market laws and regulations. The shares are traded on the platforms eKMU-X of Zürcher Kantonalbank, OTC-X of Berner Kantonalbank and Lienhardt & Partner Privatbank Zürich AG. The settlement of the offer will presumably take place on 20 January 2017.

Slaughter and May, Hong Kong, is advising Honghua on its proposed issue of shares under specific mandates to China Aerospace Science & Industry Corporation (CASIC) and Jianhong Capital Fund I L.P.

Bank of Cyprus today announced that its total issued share capital of 446.199.933 ordinary shares of nominal value €0,10 each has been admitted to trading on the Main Market for listed securities of the London Stock Exchange ("LSE") and to trading on the Main Market of the Cyprus Stock Exchange. 

Jason Manketo, Capital Markets partner at Linklaters, says: “Bank of Cyprus’s listing on the London Stock Exchange sends a strong signal to the market about investor confidence in the UK’s capital markets despite Brexit.”

Slaughter and May, Hong Kong, is advising Alibaba Group Holding Limited (Alibaba), in relation to its proposed privatisation, through its wholly owned subsidiary Alibaba Investment Limited, of Intime Retail (Group) Company Limited (Intime) together with Intime International Holdings Limited as joint offerors to be implemented by way of a scheme of arrangement (Scheme) and the proposed withdrawal of listing of its shares on the Hong Kong Stock Exchange.The Scheme was announced on 10 January 2017.

Linklaters is pleased to have advised on the HK$4bn rights issue by MMG Limited, the Hong Kong and Australian listed arm of Chinese State Owned Enterprise, China Minmetals. The rights issue was announced on 1 November and closed in December 2016. It was underwritten by Macquarie and sub-underwritten by Fosun Hani.

Pax Anlage AG, a real-estate company with a diversified portfolio of properties, listed on the SIX Swiss exchange (SIX: PAXN), and Baloise Life Ltd (Baloise) have entered into a transaction agreement pursuant to which Baloise will launch a public tender offer for the approx. 30 per cent of shares in free float at a price of CHF 1,600 per share. The offer is subject to customary conditions.