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Paul Hastings Advises Joint Bookrunners on Yongda Autos Hong Kong Listing

July 12, 2012

Hong Kong (July 12, 2012) - Paul Hastings, a leading global law firm, announced today that it advised UBS, HSBC and BOCOM International, as joint bookrunners and lead managers on Chinese passenger vehicle dealer China Yongda Automobiles Services Holdings Limiteds (Yongda Auto) US$215 million Hong Kong Initial Public Offering. The transaction comprised a Reg S/Rule 144A international offering and a 15% greenshoe allocation which could increase the total deal size to US$248 million if exercised in full.

Yongda Auto is the leading luxury car dealer in China. The company has 66 sales outlets on the mainland and approval from manufacturers to open another 25.

The Paul Hastings team was led by

, partner and chair of Greater China, and capital markets partners and , with support from of counsel and associates and .

Paul Hastings 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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