7 December 2005, Hong Kong – LAWFUEL – The Law News Network – In…

7 December 2005, Hong Kong – LAWFUEL – The Law News Network – International law firm Shearman & Sterling
LLP is advising PetroChina Company Limited in connection with its
landmark proposed privatization of Jilin Chemical Industrial Company
Limited. Jilin Chemical, a majority owned affiliate of PetroChina, has
domestic invested shares or “A shares” listed on the Shenzhen Stock
Exchange and foreign invested shares or “H shares” listed on the Hong
Kong Stock Exchange and the New York Stock Exchange, in the form of
American depositary shares.

The transaction, which was announced on October 28, 2005, was structured
as a pre-conditioned offer and represents the first ever voluntary offer
for a company with domestic invested shares and foreign invested shares.
The transaction is valued at approximately US$470 million.

The Shearman & Sterling team advising PetroChina include partners
Abigail Arms (Washington DC – Capital Markets), Leiming Chen (Hong Kong
? Capital Markets), Michael Coleman (Menlo Park ? Mergers &
Acquisitions), Lee Edwards (Beijing – Mergers & Acquisitions) and Bonnie
Greaves (London – Mergers & Acquisitions), and associates Babett Carrier
(London – Mergers & Acquisitions), James Comyn (London – Mergers &
Acquisitions), Bei Ding (Beijing – Mergers & Acquisitions), Ling Huang
(Beijing – Mergers & Acquisitions), Bryn Jedlic (San Francisco – Mergers
& Acquisitions), George Karafotias (London – Mergers & Acquisitions),
Dae Kim (San Francisco – Mergers & Acquisitions), Jennifer Peng (Hong
Kong ? Capital Markets), Angus Rollo (London – Mergers & Acquisitions),
Paul Strecker (Hong Kong – Mergers & Acquisitions), Yihan Sun (Beijing –
Mergers & Acquisitions) and Brian Wheeler (London – Mergers &

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