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Banking & Finance - Capital Markets: Equity

Clifford Chance advises Joh. Berenberg, Gossler & Co. KG on SURTECO capital increase

19 Nov 2013

Clifford Chance has advised Joh. Berenberg, Gossler & Co. KG on the capital increase of SURTECO SE. This transaction with a total issue volume of about EUR 80 million includes a capital increase against cash with indirect subscription rights, a pre-placement of subscription rights assigned to Berenberg and, possibly, a rump placement of unsubscribed new shares. The subscription offer will presumably end on 14 November 2013.

Shearman & Sterling Advises on NanoCarrier’s International Stock Offering

18 Nov 2013

Shearman & Sterling acted as US counsel to NanoCarrier Co., Ltd., as issuer in the sale of 30,600 newly issued shares of its common stock, and Whiz Partners Inc., as selling shareholder in its sale of 8,400 existing shares, in a $107.6 million international offering as part of a global offering of 42,000 shares of common stock pursuant to Rule 144A and Regulation S.

DWF advises on acquisition of e-learning business and admission to AIM

18 Nov 2013

National law firm DWF has advised investment bank Numis Securities Limited (‘Numis Securities’), the nominated adviser and broker to In-Deed Online plc (‘In-Deed’), on the acquisition by In-Deed of leading international e-learning business Epic Group Limited (‘Epic’) and the admission of the group to trading on the AIM market of the London Stock Exchange.  The acquisition constituted a reverse takeover for In-Deed.

Clifford Chance advises on Huishang Bank's US$1.19 billion Hong Kong IPO

18 Nov 2013

Hong Kong/Shanghai: Clifford Chance has advised BOC International, CITIC Securities, JP Morgan, Morgan Stanley and UBS, as joint global coordinators of Huishang Bank Corp.'s (Huishang Bank) US$1.19 billion (approximately HKD9.21 billion) listing on the Main Board of the Stock Exchange of Hong Kong.

Huishang Bank, a regional bank based in the eastern Chinese province of Anhui, sold a total of 2.61 billion H-shares and priced its shares at HKD3.53 each. The Chinese bank started trading in Hong Kong on Tuesday, 12 November 2013.

China Power New Energy Development Company - issue of new shares for RMB200 million

18 Nov 2013

Slaughter and May advised China Power New Energy Development Company (CPNE) on its issue of new shares to China Energy Engineering Group Guangdong Electric Power Design Institute (GEPDI).

Under a new share agreement, CPNE will issue new shares to GEPDI for RMB200 million (US$33 million), giving GEPDI a 2.87% share in the enlarged issued share capital of CPNE.

Linklaters advises on Emlak Konut's $1.6bn secondary public offering - the largest share offering in Turkey this year

14 Nov 2013

Linklaters has advised the underwriters Bank of America Merrill Lynch and Halk Yatirim on Emlak Konut's $1.6 billion secondary public offering, which has announced today.  This is not only the largest share offering in Turkey in 2013, it is also the largest primary offering of shares across Central and Eastern Europe, the Middle East and Africa region this year.  It is also the largest share offering in the real estate sector in Europe in more than five years.

Latham & Watkins Advises on Sembcorp Salalah IPO

14 Nov 2013

Latham & Watkins advised Sembcorp Salalah Power & Water Company SAOG in connection with its initial public offering (IPO), which was 8.3 times oversubscribed and raised OMR 53 million (approximately US$137 million), making it the largest IPO in Oman this year as well as one of the largest in the Middle East region. Following the IPO, the shares of Sembcorp Salalah were admitted to trading on the Muscat Securities Market.

HSBC Bank Oman SAOG acted as Issue Manager for the offering. HSBC Bank Middle East Limited acted as Sole Global Coordinator and Bookrunner.

SHW Holding and Linklaters successfully place 3,4 million shares belonging to SHW AG

13 Nov 2013

Linklaters provided the SHW Holding L.P. with legal advice regarding the private placement of approx. 3,4 million shares belonging to the SHW AG. The shares which were equivalent to the complete shareholdings belonging to the SHW Holding L.P. to the amount of 58,3% of the share capital of the SHG AG, were placed each at 39 Euro towards institutional investors. The revenue amounted to approx. 136 million Euro. The placement was conducted by the Deutsche Bank and Commerzbank as Joint Bookrunners using an accelerated Bookbuilding Procedure.