Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it represented China Everbright Limited (“China Everbright”) in its US$120 million disposal of 49% of the share capital of Everbright Securities (International) Limited to Everbright Securities Financial Holdings Limited.

China Everbright, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment.

Paul Hastings has a long term relationship with the client during which we advised on a number of important transactions, including its recent issuance of US$600 million panda bonds and US$1.3 billion acquisition of Dah Sing Financial Center. Paul Hastings has also previously advised China Everbright in its US$114 million disposal of 51% of the share capital of Everbright Securities (International) Limited in 2011.

The Paul Hastings team was led by corporate partner Vivian Lam, with support from associates Bonnie Kong, Jeff Lee, and Matt Li.