Clifford Chance Advises on Three Hong Kong Public Takeover Transactions

Clifford Chance advised Nomura International (Hong Kong) Limited as financial adviser to Tongcheng Travel Holdings Limited; CITIC Securities (Hong Kong) Limited as financial adviser to Lens Technology Co., Ltd.; and CMB International Capital Limited and CEB International Capital Corporation Limited as joint financial advisers to Aureole Halo Limited. The matters involved three separate Hong Kong public takeover transactions across the consumer, technology and industrial sectors. Tongcheng Travel made a voluntary general cash offer for Dida Inc. at HK$1.3875 per share in cash. Dida Inc. provides carpooling marketplace services and digitised smart taxi services in China. Clifford Chance also advised on Lens Technology’s transaction, in which the firm acted for CITIC Securities (Hong Kong) Limited as financial adviser to Lens Technology Co., Ltd in relation to a HK$734.2 million share purchase and a voluntary general cash offer for Ju Teng International Holdings Limited at HK$2.20 per share in cash. Ju Teng International Holdings Limited is a manufacturer of casings and structural components for computers, smartphones and other consumer electronics. Finally, the firm advised CMB International Capital Limited and CEB International Capital Corporation Limited as joint financial advisers to Aureole Halo Limited on Aureole Halo’s HK$157.5 million acquisition of a 75% stake in Rimbaco Group Global Limited and the related mandatory general cash offer at HK$0.167 per share in cash. Rimbaco Group Global Limited is a Malaysia-based construction contractor providing general contracting and engineering services. Clifford Chance represented Nomura International (Hong Kong) Limited (financial adviser to Tongcheng Travel Holdings Limited), CITIC Securities (Hong Kong) Limited (financial adviser to Lens Technology Co., Ltd) and CMB International Capital Limited and CEB International Capital Corporation Limited (joint financial advisers to Aureole Halo Limited) with a team composed by: partner Tommy Tam, senior associate Anson Wong, associates Priscilla Au Yeung and Jonathan Chan, and trainee solicitor Kristy Lam.

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Clifford Chance Advises on Three Hong Kong Public Takeover Transactions

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Clifford Chance Advises on Three Hong Kong Public Takeover Transactions

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