Norton Rose Fulbright has advised HSBC as the sole manager in the block sale of 191,400,000 shares in Sinotrans Limited, a company listed on the main board of the Hong Kong Stock Exchange, by Deutsche Post Beteiligungen Holding GmbH at a total consideration of approximately HK$1.09 billion.
Sinotrans Limited is one of the largest logistics companies in China. It also provides support services of storage and terminal services, trucking and marine transportation services. It is based in Beijing, and was incorporated in 2002. It was listed on the Hong Kong Stock Exchange in 2003 with Sinotrans Group as its controlling shareholder.
Deutsche Post Beteiligungen Holding GmbH is a subsidiary of Deutsche Post AG, the world's largest courier company. The company was founded in 1999 and is headquartered in Bonn, Germany.
The team was led by Hong Kong partners Psyche Tai and Allan Yee, assisted by senior associate Vicky Lam.
Linklaters acted as counsel to the seller.