Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 24-09-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Khazanah Nasional Investment in China Huarong Asset Management | Industry: | Financial Services |
| Description: |
Clifford Chance advised Khazanah Nasional Berhad on its strategic investment in China Huarong Asset Management Co., Ltd. via its wholly-owned investment entity. China Huarong is the largest assets management company in China with total assets of RMB 400 billion. Along with Khazanah, China Huarong has introduced seven other strategic investors in this round of strategic investment, including China Life (an existing shareholder of China Huarong), Warburg Pincus, CITIC, CICC, COFCO, FOSUN and Goldman Sachs. The eight strategic investors (including Khazanah) invested a total of RMB 14.543 billion (approximately USD2.4 billion), accounting for 20.98% of China Huarong's enlarged share capital.
The transaction was co-led by Beijing corporate partner Terence Foo and Hong Kong capital markets partner, Fang Liu and was supported by Beijing senior associate Zhang Hong and associate Shi Zhonghua.
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| Financial Center: | Beijing | Value: | 1000.01-5000.00 |
| Advised Party: | Private Equity Investor | Law Firm | Clifford Chance |
| Target Company Jurisdiction | China | Acquiror Jurisdiction | Malaysia |
| Classification: |
Financial Buyer Acquisitions Minority Investment |
Lawyer | Terence Foo |
