About the Office

Our Hong Kong office, which opened in 1993, was one of the first offices opened by a major Wall Street firm in Hong Kong. The office currently consists of 4 partners and 21 associates, and has been involved in many of the most important and high-profile capital markets and M&A/private equity transactions in China and elsewhere in Asia.

Recognition

• Davis Polk received three awards at the China Law & Practice Awards for 2009:
  • 2009 International Capital Markets Team of the Year
  • Debt and Equity-Linked Deal of the Year (Sino-Forest Corporation convertible notes offering)
  • Equity Deal of the Year (Solarfun Power SEC-registered dribble-out offering)
• Davis Polk advised Advanced Semiconductor Engineering on its going-private buyout of ASE Test, a deal that was named "Taiwan Deal of the Year" by Asia Legal Business.
• "The Hong Kong group is also regarded as ‘by far and away the number-one high-yield practice in the region.’” Chambers Asia (2009)
• Four of our Hong Kong-based partners were listed as leading lawyers across a range of practice areas, including securities, M&A and private equity, by Chambers Global (2009).

Recent Matters

• $5.3 billion global offering by Metallurgical Corporation of China (MCC), a Chinese engineering and construction company, of H shares, consisting of an initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S, with a concurrent offering of A shares listed on the Shanghai Stock Exchange. This is the largest IPO in Hong Kong and the second-largest IPO in the world to date in 2009.
• $2.5 billion initial public offering of Sands China Ltd., a subsidiary of Las Vegas Sands and a developer, owner and operator of integrated resorts and casinos in Macau.
• $2.8 billion rights offering by DBS Group Holdings Ltd., owner of DBS Bank, the largest bank in Southeast Asia.
• $2 billion Schedule B debt offering by The Korea Development Bank, a government-owned financial institution that supplies capital for the financing of major industrial products.
• $2 billion Schedule B debt offering by The Export-Import Bank of Korea, an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business.
• We advised China Investment Corporation (CIC), the Chinese sovereign wealth fund, in connection with its $1.9 billion investment in PT Bumi Resources Tbk (Bumi), the largest coal mining company in Indonesia.
• $1.04 billion initial public offering by Shanda Games Limited, a leading Chinese online game developer and operator, and its parent, Nasdaq-listed Shanda Interactive Entertainment Limited, on an initial public offering of American Depositary Shares. This was the largest initial public offering in the United States by a Chinese company in 2009.
• We advised Tianwei New Energy, a Chengdu, China-based supplier of solar power products, including silicon wafers and photovoltaic cells, modules and systems, in connection with its majority investment in Hoku Scientific, a Honolulu, Hawaii-based Nasdaq-listed, clean energy company.