Conyers In Hong Kong Transaction
Bermuda’s Conyers Dill & Pearman was involved in complex Hong Kong negotiations which led to China Daye Non-Ferrous Metals Mining completing a reverse takeover and a new listing application through acquiring a 100 per cent equity interest in Prosper Well Group.
China Daye is a Hong Kong-listed company and Prosper Well is its controlling shareholder.
“The Lawyer” magazine reports today [Mar.8] the transaction involved “complicated legal and regulatory issues, including a reverse takeover involving a new listing application, a substantial acquisition and connected transaction for China Daye under the Hong Kong Listing Rules, as well as a whitewash waiver application under the Hong Kong Takeovers Code.”
Paul Hastings, led by partner Raymond Li and Catherine Tsang, advised JPMorgan, the sole sponsor and financial advisor of the deal. The firm worked along with PRC counsel Haiwen & Partners.
Norton Rose and Zhong Lun acted for China Daye on Hong Kong law and PRC law respectively. Conyers Dill & Pearman and Legal Consulting law firm advised the company on Bermuda law and Mongolia law respectively.
Founded in Bermuda in 1928, multi-jurisdictional law firm Conyers now has offices in 10 countries and employs 550 staff, including more than 150 lawyers.
