Chanhueng Law Firm (“HW”), a leading Hong Kong independent law firm, advised the offeror in relation to the making of a voluntary general offer to acquire all the issue shares of Xingda International Holdings Limited (stock code: 1899) ("Xingda") at an aggregate consideration of HK$1.57 billion. Upon completion of the voluntary general offer on 29 November 2024, the offeror and its concert parties were able to increase their shareholding in Xingda from 37.03% to 63.43%, consolidating their control over Xingda.

Xingda is principally engaged in the manufacturing of radial tire cords, bead wires and other wires (the “Products”) in China and Thailand, and the sale of the Products in the PRC, India, Thailand, the United States of America, Slovakia, Brazil, South Korea, Indonesia and other countries. 

The HW team was led by corporate partners, Brian Ho and Yvonne Zhang. The team had lead responsibility for legal documentation on the voluntary general offer, corporate and regulatory issues, communication with the regulators and general transaction management.

About Us

Chanhueng Law Firm is a leading, full service, Hong Kong law firm. We combine the in-depth experience of our lawyers with a forward thinking approach.

Our key practice areas are corporate/commercial and corporate finance; commercial and maritime dispute resolution; clinical negligence and healthcare; insurance, personal injury and professional indemnity insurance; employment; family and matrimonial; trusts and wealth preservation; wills, probate and estate administration; property and building management; banking; fraud; distressed debt; investment funds; virtual assets; financial services/corporate regulatory and compliance.

As an independent law firm, we are able to minimise legal and commercial conflicts of interest and act for clients in every industry sector. The partners have spent the majority of their careers in Hong Kong and have a detailed understanding of international business and business in Asia.

Disclaimer: The information contained in this article is intended to be a general guide only and is not intended to provide legal advice. Please contact info@chanhuenglawfirm.com if you have any questions about the article.