King & Wood Mallesons advises on share purchase of oil and gas assets
King & Wood Mallesons is advising China Petroleum & Chemical Corporation (Sinopec Corporation) on a share purchase of oil and gas assets from China Petrochemical Corporation (Sinopec Group), the Chinese state-owned majority shareholder of Sinopec Corporation, a publicly traded company.
Through the formation of a 50/50 joint venture, Sinopec Group will transfer shares of oil and gas assets to Sinopec Corporation. Globally, this transaction is the second-largest equity fundraising so far in 2013.
A combined Australian and Chinese team at King & Wood Mallesons acted as international lead counsel for Sinopec Corporation. The lead partners were Dirk Walker and Dina Yin from Beijing, Scott Gardiner, Lee Horan and Tim Warman from Australia and David Lam from Hong Kong. They were assisted by senior associates Natalya Hards, Robert Wright, Chelsea Spagnolo and Alexei Fedotov.
As international lead counsel, offices of King & Wood Mallesons in China, Australia and Hong Kong advised on all aspects of the transaction for Sinopec Corporation, including drafting and negotiating share purchase agreements, assisting on financing documents and managing document review in multiple jurisdictions.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast