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Paul Hastings Advises Underwriters on CCBs US$9.2 Billion Rights Issue

December 22, 2010

Hong Kong (December 22, 2010) Paul, Hastings, Janofsky & Walker, a leading global law firm, announced today that it has advised CCB International Capital Limited, China International Capital Corporation Hong Kong Securities Limited, Morgan Stanley & Co. International plc, CITIC Securities Corporate Finance (HK) Limited, Merrill Lynch Far East Limited, Credit Suisse (Hong Kong) Limited, BOCI Asia Limited, UBS AG, Hong Kong Branch and DBS Asia Capital Limited as the underwriters in the US$9.2 billion rights issue by China Construction Bank, the worlds second largest bank by market capitalization.

This deal is the largest ever rights issue by an Asian issuer and rounds off a tremendous year for our capital markets practice. We are delighted to have advised the nine underwriters on this landmark deal and look forward to building on the growing momentum of our practice in the new year, said Raymond Li, chair of the Greater China practice at Paul Hastings in Hong Kong.

The Paul Hastings capital markets team was led by partners Raymond Li, Chris Betts, Catherine Tsang, Sammy Li and Steve Winegar, assisted by associate Eric Chow.

Paul, Hastings, Janofsky & Walker 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

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