14 August, 2015
Kirkland& Ellis is advising China Hi-Tech Holding Company Limited on its HK$2,169.6 million (US$279.9 million) proposed voluntary conditional offer for the H shares of Jingwei Textile Machinery Company Limited, a company listed on the Hong Kong Stock Exchange and the Shenzhen Stock Exchange. This is the first takeover of a company listed on both the Hong Kong Stock Exchange and the Shenzhen Stock Exchange. Upon successful closing of the offer, the Company will withdraw its listing of H shares on the Hong Kong Stock Exchange but its A shares will remain listed on the Shenzhen Stock Exchange.
The Kirkland team is led by Hong Kong corporate partners Nicholas Norris and Jamii Quoc, and associate Anthony Chan. Hong Kong corporate partner Soo Yien Khor also assisted with the transaction.
For additional information, please see announcement here: http://www.hkexnews.hk/listedco/listconews/sehk/2015/0813/LTN20150813807.pdf
