Davis Polk is advising China Resources Beer (Holdings) Company Limited on its HK$9,514 million (approximately $1.2 billion) global rights offering.

CRH (Beer) Limited is the sole underwriter. Nomura International (Hong Kong) Limited and UBS AG are the joint bookrunners. Nomura International (Hong Kong) Limited, UBS AG, Hong Kong Branch, Citigroup Global Markets Asia Limited and the Hongkong and Shanghai Banking Corporation Limited are the joint lead managers. Rothschild (Hong Kong) Limited and China Merchants Securities (HK) Co., Limited are the joint financial advisors to the rights offering.

China Resources Beer (Holdings) Company Limited and its subsidiaries have been in the beer business in China since 1994, with the total sales volume ranking first in the China market since 2006. The company is listed on the Hong Kong Stock Exchange.

The Davis Polk corporate team includes partners Paul Chow and William F. Barron, counsel Faisal Baloch and Terrence R. O’Donnell and associates Amanda Lau, Christine Xu and Kai Sun. Counsel Alon Gurfinkel and associate Nicholas A. Machen are providing tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.