Hogan Lovells Hong Kong partners advise on two block trade transactions

Hogan Lovells has successfully closed two block trade transactions for a combined value of over HKD$2.4bn (£197.4m).

On the first transaction Hogan Lovells advised UBS AG as the sole placing agent in respect of a placement of 52,392,000 new H-shares in Tong Ren Tang
Technologies Co Ltd, a Chinese pharmaceutical company, raising approximately HKD$1.205bn (£98.2m)
In addition, the team advised CLSA Limited and CITIC Securities Corporate Finance (HK) Limited as the joint placing agents in respect of a placement of 180,000,000 existing shares in Xinyi Glass Holdings Limited by the controlling shareholders, raising approximately HKD$1.206bn (£98.8m), and the issue of 120,000,000 new shares in Xinyi Glass to one of the selling controlling shareholders.

The Hogan Lovells team advising on both transactions was led by Hong Kong partners Terence Lau and Thomas Tarala, supported by consultant Nelson Tang, senior associate Donald Fung and associate Priscilla Lee.