Sidley recently advised Zhuhai Port (Hong Kong) Co., Limited (Zhuhai Port) regarding its voluntary conditional general cash offer to acquire all the issued shares of Xinghua Port Holdings Ltd. (Xinghua Port) (HKEX:1990). The total consideration payable by Zhuhai Port will be HK$2,115,028,036.716. CMB International Capital Corporation Limited and Essence Corporate Finance are financial advisers to Xinghua Port and Zhuhai Port, respectively.
Zhuhai Port is a wholly owned subsidiary of Zhuhai Port Co., Ltd. (SZSE: 000507). Zhuhai Port Co., Ltd. and its subsidiaries are principally engaged in port and shipping management, logistics and supply chain management, energy and environmental protection, and the development of ancillary facilities of the port.
Xinghua Port owns and operates two highly accessible multipurpose ports in the city of Changshu, China. These ports serve a vast economic zone that spans East and Central China.
The Hong Kong-based Sidley team was led by partner Raymond Oh, with support from counsel Alan Wong, senior associate Janice Lam, HK-registered foreign lawyer (New York) Calvin Chau, HK-registered foreign lawyer (Singapore) Sarah Lim, and associate Jason Shen.