Davis Polk has advised China Investment Corporation (CIC) in respect of a block trade by its wholly-owned subsidiary, Chengdong Investment Corporation, of 1.2 billion shares of GCL-PolyEnergy Holdings Ltd. The transaction raised approximately HK$2.24 billion (US$2588.86m). The shares are listed on the Main Board of the HKSE. CIC is a sovereign wealth fund headquartered in Beijing. GCL-Poly Energy is a green energy supplier based in China. It is one of the largest suppliers of polysilicon in the world and also operates large-scale solar farms globally. Partner Paul Chow led the transaction.
Jacob Hansen July 8th, 2013
The winners for the Chambers Asia-Pacific Wards 2013 were announced on
February 28. The awards recognize national and international law firms across the
region for their notable achievements and outstanding work in legal services. This
year’s Award for Outstanding Contribution to Legal Profession goes to Kap You
(Kevin) Kim, Head of the International Arbitration & Litigation Practice Group at
South Korea-based Bae, Kim & Lee LLC. A veteran of the international arbitration
community at large, Kim is recognized for his dedication to clients in both Korea and
Jiun-wen Teoh March 22nd, 2013
Twenty-seven multinational companies signed letters of intent Tuesday to invest over US$3.2 billion in Taiwan. This new international attention paid to Taiwan can be attributed to its burgeoning economy.
Of the 27 signatories, eight companies were from the United States, six from Japan, six from Europe, three from China-based Taiwanese companies. The signings took place at a business conference in Taipei, attended by 1,000 representatives from more than 600 companies. The Ministry of Economic Affairs (MOEA), which organizes the event, said the investment pledged at this year’s meeting could create nearly 13,000 jobs. (more…)
Cathi Choi October 1st, 2010