Sidley represented Geely Automobile Holdings Limited (“Geely Automobile”) (HKEX: 175) in connection with the placement of 600 million new shares. The total transaction value is approximately HK$6.48 billion.
Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited, Morgan Stanley & Co. International Plc and UBS AG Hong Kong Branch are acting as the placing agent of the transaction.
Geely Automobile is a leading automobile manufacturer, focusing on development, manufacturing and sales of passenger vehicles. The Company sells most of its products in the China market and has also expanded its sales through export to other developing countries in the past few years.
The Sidley team was led by partners Christopher Cheng and Carrie Li, with support from counsel Anna Chow and Julia Zhu, as well as associate Ruby Kong.