China Huarong Asset Management’s US$6.6 Billion Recapitalisation

Clifford Chance advised China Huarong Asset Management Co., Ltd. on the deal.

The strategic investment involves the issuance of 39,215,686,272 domestic shares and 1,960,784,313 H shares to a group of five state-owned Chinese investment firms, CITIC Group, China Insurance Investment Co., Ltd., China Cinda, China Life Asset Management Company Limited and ICBC Investment.

The transaction was led by China Co-Managing Partner Tim Wang (Picture), with support from partner Yufei Liao, counsel Jing Jing and compliance legal officer Xinyi Hu in Beijing, and consultants Tommy Tam and Michael Wang, and associate Anson Wong in Hong Kong. Haiwen & Partners acted as PRC law counsel.

Involved fees earner: Jing Jing – Clifford Chance; Yufei Liao – Clifford Chance; Tim Wang – Clifford Chance; Anson Wong – Clifford Chance;

Law Firms: Clifford Chance;

Clients: China Huarong Asset Management Co., Ltd.;

Giulia Di Palma

Author: Giulia Di Palma