24 September, 2016
Cogobuy Group (China) has completed the approximately HK$2 billion placement of 160 million new shares to not less then six independent placees, including Da Cheng International Asset Management Co., Ltd, Lindeman Asia Global Pioneer Private Equity Fund No. 11, The People's Insurance Company (Group) of China Limited and New China Asset Management (Hong Kong) Limited. The proceeds of the placement will be used as general working capital for the Group.
Skadden represented Cogobuy in this transaction. We also represented Cogobuy in its HK$1.375 billion initial public offering and listing on the Hong Kong Stock Exchange in 2014. The Skadden team included partner Christopher Betts and Asia Pacific counsel Anthony Pang.
