China Everbright’s Disposal of 49% Share Capital of Everbright Securities (International) Limited
Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it represented China Everbright Limited (“China Everbright”) in its US$120 million disposal of 49% of the share capital of Everbright Securities (International) Limited to Everbright Securities Financial Holdings Limited.
China Everbright, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment.
Paul Hastings has a long term relationship with the client during which we advised on a number of important transactions, including its recent issuance of US$600 million panda bonds and US$1.3 billion acquisition of Dah Sing Financial Center. Paul Hastings has also previously advised China Everbright in its US$114 million disposal of 51% of the share capital of Everbright Securities (International) Limited in 2011.
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.