We advised ANE on its privatization and delisting by way of a scheme of arrangement

Davis Polk advised ANE (Cayman) Inc. on its privatization and delisting from the Hong Kong Stock Exchange by way of a scheme of arrangement under section 86 of the Companies Act. The delisting proposal, which was put forward by a consortium comprising Centurium Capital, Temasek and True Light Capital, valued ANE at approximately HK$14.3 billion.

ANE is one of China’s largest less-than-truckload freight network operators, offering express services including transportation, value-added services and delivery to both e-commerce and industrial clients. Davis Polk previously advised ANE on its IPO and listing on the Hong Kong Stock Exchange in November 2021.

The Davis Polk corporate team included partners Jason Xu and Li He, counsel Vanessa Chan, counsel – registered foreign lawyer Yue (Jenny) Yin and associate Marco Cheng. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.

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