privatisations-june, 私有化

Haiwen & Partners and Sullivan & Cromwell advised Recruit Holdings, the biggest shareholder of US-listed and China’s leading human resource and job search provider, in its privatisation agreement. The USD5.7 billion deal is expected to close in the second half of 2021.

Fangda Partners advised Zhejiang Cangnan Instrument Group on its privatisation through general offer by way of a buy-back of all issued H shares, making it the first to use such a mechanism on the main board of the HKEX. Most deals are done either through shareholder general offers or schemes of arrangement.