Posted on November 24, 2008 at 5:11 PM
• Paul Hastings advised Enric Energy Equipment Holdings Limited in its acquisitions transactions that will expand its transportation, storage and equipment business. The transactions totaled $1.1 billion. The acquisitions involve a reverse takeover and a transaction for Enric under the Hong Kong Listing Rules. The transaction involved a new listing application under the Hong Kong Listing Rules to maintain the listed company status of Enric.
• Pacific Century Regional Developments (PCRD), represented by Skadden Arps, along with China Netcom, represented by Baker & McKenzie, were joint offerors in the $2.5 billion offer to privatize PCCW Limited. PCRD and China Netcom will take the company private, ending its stock listing. Skadden Arps previously worked with PCCW in its merger with Cable & Wireless HKT in 2000.
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