7 law firms advise on Hong Kong’s first de-SPAC merger
Freshfields Bruckhaus Deringer and Maples and Calder have advised special purpose acquisition company (SPAC) Aquila Acquisition Corporation on its HK$10 billion ($ 1.27 billion) de-SPAC merger with ZG Group, marking Hong Kong’s first-ever de-SPAC transaction. Kirkland & Ellis, Shihui Partners and Maples and Calder have acted for ZG Group.
Paul Hastings, HSF lead on $713 mln IPO of Vanke’s property services arm
Paul Hastings and JunHe have advised Onewo, the property services arm of the developer China Vanke, on its $713 million IPO in Hong Kong, with Herbert Smith Freehills and Commerce & Finance Law Offices advising the joint sponsors.
Wilson Sonsini, Loeb & Loeb act on Chinese EV company’s SPAC merger
Wilson, Sonsini, Goodrich, & Rosati and JunHe have advised Chinese electric vehicle manufacturer CH-AUTO Technology Corp Ltd on its $1.7 billion merger with U.S. blank-check company Mountain Crest Acquisition Corp IV, which was represented by Loeb & Loeb.
Skadden leads on Chinese music platform’s $421 mln HK IPO
Skadden, Arps, Slate, Meagher & Flom and Zhong Lun Law Firm have advised Chinese music platform Cloud Village on its $421 million initial public offering on the Hong Kong Stock Exchange, with JunHe counselling the joint sponsors and underwriters.
S&C, Freshies lead on Chinese EV maker’s planned HK dual primary listing
Sullivan & Cromwell and Fangda Partners are advising Chinese smart electric vehicle maker Xpeng on its planned dual primary listing in Hong Kong, with Freshfields Bruckhaus Deringer and JunHe advising the joint sponsors. The listing is expected to raise nearly $2 billion.