Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented Chinese private equity investor CDH Investments (“CDH”) in its US$800 million (HK$6.25 billion) placing of shares in WH Group, the world’s largest pork producer and processor. Morgan Stanley acted as the placing agent.
Paul Hastings will continue to act for CDH in its potential distributions of approximately 4.76% issued shares of WH Group to certain limited partners and/or investors of CDH.
Paul Hastings advised CDH on its US$900 million sale of shares in WH Group in August 2016. At the time, the deal was the second largest block trade in Asia ex-Japan so far this year.
Paul Hastings has also advised CDH on several transactions over the years including, in March 2016, on its disposal of Chinese coal mine operator Hao Chang Limited to Up Energy Development Group Limited and, in November 2014, on the acquisition of a 78.775% stake in Fujian Nanping Nanfu Battery Co., Ltd, Procter & Gamble’s China-based battery joint venture, as part of the whole disposal by P&G of its global battery business.
The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and partner Vivian Lam, with support from of counsel Bonnie Kong, and associates Eric Chow, Jeff Lee and Matt Li.
At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.