Sidley recently represented Mr. Law Ka Sing as vendor and Bossini International Holdings Limited (HKEX: 592) (Bossini) in connection with the proposed sale of a majority stake in Bossini by Mr. Law to Viva China Holdings Limited (HKEX: 8032) (Viva China) and possible mandatory unconditional cash offers with respect to the securities of Bossini. Upon completion, Bossini will become an indirect non-wholly owned subsidiary of Viva China.
Bossini is a well-established apparel brand owner, retailer and franchiser in the region. Viva China Group currently holds approximately 13.42% of the issued share capital of Li Ning Company Limited (HKEX: 2331), which is one of the leading sports brand companies in China.
The Hong Kong-based Sidley team was led by partners Constance Choy and Christopher Cheng, with support from senior associate Selina Wong.