Paul Hastings Represents Sinochem Group Subsidiary on Share Placement
Hong Kong (January 7, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Greatpart Limited (Greatpart), a wholly-owned subsidiary of Sinochem Group, in the share placing of Far East Horizon Ltd. (Far East Horizon), a leading financial services company focusing on financial leasing. Sinochem Group is one of the largest Chinese state-owned enterprises.
Greatpart reduced its equity interest in Far East Horizon by placing approximately 11.38% of issued share capital to other investors through UBS. Greatparts equity interest in Far East Horizon has thus been reduced from 39.32% to 27.94%.
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