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Paul Hastings Advises Far East Horizon on its US$757 Million Hong Kong IPO

March 30, 2011

Marking the first finance leasing company to list on the Hong Kong bourse 

Hong Kong (March 30, 2011) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised Far East Horizon Ltd., (Far East Horizon), a leading financial services company focusing on financial leasing and a subsidiary of Sinochem Group, one of the largest Chinese state-owned enterprises, in its US$757 million Hong Kong IPO and global offering. The listing comprised a Hong Kong public offering and a Reg S international offering.

CICC, Morgan Stanley, UBS and HSBC were the joint bookrunners for the offering.

Raymond Li, chair of the Greater China practice at Paul Hastings in Hong Kong, commented: The success of the offering is testament to the quality of the management of Far East Horizon and its principal shareholder Sinochem. We advised Far East Horizon in its issuance of preference shares to strategic investors Kohlberg Kravis and Roberts (KKR), Government of Singapore Investment Corporation (GIC) and CICC in 2009 and are delighted to have had the opportunity to work with them again on this significant transaction. This is the first red chip listing in Hong Kong approved by the China Securities Regulatory Committee (CSRC) since 2009 and is also the first ever listing of a finance leasing company in Hong Kong."

The Paul Hastings team was led by partners

and who were assisted by associates , and .

Paul, Hastings, Janofsky & Walker LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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