HONG KONG – 24 August – LAWFUEL – The Law News Network – Internationa…

HONG KONG – 24 August – LAWFUEL – The Law News Network – International law firm Sidley Austin Brown & Wood recently acted for Longshine Information Technology Company Limited in the sale of its 100% equity in its subsidiary billing and customer care software business in China to Amdocs Limited, a NYSE listed company. The Sidley team of lawyers was led by partner Huanting Timothy Li of the U.S. Corporate Finance team in Hong Kong.

The acquisition, valued at US$30 million, closed on August 4, 2005. Sidley Austin Brown & Wood was previously counsel to Longshine in its private equity transaction by overseas investors in July 2000.

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