Davis Polk & Wardwell LLP advised Citigroup Global Markets Limited, Deutsche Bank AG, Hong Kong Branch and UBS AG, Hong Kong Branch as joint bookrunners in connection with the $197.5 million offering by Tatung Co., Ltd. of 50,000,000 global depositary shares (GDSs) representing 1,000,000,000 common shares. The GDSs are listed on the Luxembourg Stock Exchange.

Tatung Co., Ltd. is a leading Taiwanese conglomerate whose business spans numerous industries, including consumer electronics, home appliances, industrial motors, energy systems and solutions, and real estate.

The Davis Polk corporate team included partner James C. Lin of the Hong Kong office, associate Andrew Lin of the Beijing office and associates Allan C. Lai and Weitseng Chen of the Hong Kong office. Partner John D. Paton of the London office and associate Nora Newton Muller of the Paris office provided tax advice. Associate Catherine L. Martin of the New York office provided advice on issues relating to the Investment Company Act of 1940. Jenny Oi Wan Chan and Alexius Ying Ming Chong, both of the Hong Kong office, and Yae-Ji Park of the Beijing office were the legal assistants on the transaction.