Legal DealFolio - MEGCIF acquisition of Hengyang Petrochemical Logistics

Leading international law firm Clifford Chance has advised Macquarie Everbright Greater China Infrastructure Fund L.P. (MEGCIF) on its RMB271.25 million investment in a wholly-owned subsidiary of Singapore Stock Exchange listed Hengyang Petrochemical Logistics Limited (Hengyang). Hengyang is a leading logistics service provider primarily engaged in the storage and transportation of liquid petrochemicals in China. The proceeds raised by Hengyang will be used to fund the Group's business expansion along the Yangtze River and corporate restructuring exercise, including a buyback of a 40% equity interest in its two subsidiaries in Wuhan and Chongqing. Following completion of the investment, MECGIF will own 35% of the issued share capital of Hengyang Holding Pte Ltd (HHPL), the 100% owner of the Group's subsidiaries after the planned corporate restructuring. Corporate partner Lee Taylor led on this deal and was supported by senior associate Andrew Heng.

Deal Date:	19-06-2013	Practice Area:	Corporate and M&A
Deal Title:	MEGCIF acquisition of Hengyang Petrochemical Logistics	Industry:	Oil Equipment, Services & Distribution
Description:	Leading international law firm Clifford Chance has advised Macquarie Everbright Greater China Infrastructure Fund L.P. (MEGCIF) on its RMB271.25 million investment in a wholly-owned subsidiary of Singapore Stock Exchange listed Hengyang Petrochemical Logistics Limited (Hengyang). Hengyang is a leading logistics service provider primarily engaged in the storage and transportation of liquid petrochemicals in China. The proceeds raised by Hengyang will be used to fund the Group's business expansion along the Yangtze River and corporate restructuring exercise, including a buyback of a 40% equity interest in its two subsidiaries in Wuhan and Chongqing. Following completion of the investment, MECGIF will own 35% of the issued share capital of Hengyang Holding Pte Ltd (HHPL), the 100% owner of the Group's subsidiaries after the planned corporate restructuring. Corporate partner Lee Taylor led on this deal and was supported by senior associate Andrew Heng.
Financial Center:	Singapore	Value:	100.01-500.00
Advised Party:	Acquiror	Law Firm	Clifford Chance
Target Company Jurisdiction:	Singapore	Acquiror Jurisdiction:	Australia
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Lee Taylor

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers