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China Cinda Asset Management Co., Ltd. HK$68 Billion Acquisition of Nanyang Commercial Bank, Limited

Davis Polk advised China Cinda Asset Management Co., Ltd. (“Cinda”) on U.S. regulatory matters in connection with its HK$68 billion acquisition of Nanyang Commercial Bank, Limited (“NCB”) from BOC Hong Kong (Holdings) Limited, a subsidiary of Bank of China Limited, which closed on May 30, 2016. 

Cinda is a PRC financial company specializing in non-performing assets and is actively involved in securities, futures, asset management, insurance, fund management, leasing and property development. NCB is a Hong Kong bank that provides personal and commercial banking services through diversified channels.

The Davis Polk corporate team includes partners Luigi L. De Ghenghi and Li He, counsel Christopher M. Paridon, associates Michael Formichelli and Andrew Rohrkemper, and registered foreign lawyer Xiaotong (Lisa) Yuan. The members of the Davis Polk team are based in the New York, Washington DC and Beijing offices.