KWM advises Qingdao Haier on share subscription deal with KKR & Co
King & Wood Mallesons (KWM) has represented Qingdao Haier Co in successfully signing a share subscription agreement and a strategic partnership agreement with KKR & Co, a global investment firm.
According to the agreements, KKR will invest ¥3.4bn (£350m) to subscribe 10 per cent of Qingdao Haier shares. The parties will establish a long-term strategic partnership to collaborate on multiple areas.
Acting as the legal counsel of Qingdao Haier, KWM participated in all aspects of the project, including designing transaction structure, the drafting and negotiation of transaction documents and advising on private placement of the subscribed shares.
The project was led by KWM Beijing office partner Xu Ping, with core team members including partners Song Yanyan from the Beijing office and Li Qiang from the Qingdao office.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
High Court decides: liquidators of insolvent landlords can disclaim leases with the effect of extinguishing the tenant’s leasehold interest
In Willmott Growers Group Inc v Willmott Forests Limited, the majority of the High Court upheld the Victorian Court of Appeal’s conclusion that the liquidators of an insolvent landlord can disclaim a lease.
Queensland recently brought an interlocutory application seeking a declaration that its laws were valid until a court finally determined otherwise.
Analysis from The Lawyer
All-encompassing change is now a reality for the UK’s top 200 firms. How are they coping with the unprecedented upheaval? The Lawyer finds out