Hong Kong: LAWFUEL – The Law Firm Newswire – Clifford Chance has advised Istithmar PJSC on its investment in Hans Energy Company Limited, a major integrated logistics service provider in China’s mainstream energy sector.
This deal marks Istithmar’s first investment in the China market. A leading private equity and alternative investment house headquartered in Dubai, Istithmar has invested in over 30 companies in the three years since its inception, deploying some US$2 billion in capital.
The deal saw Istithmar acquire (through Pony HK World, a wholly-owned subsidiary), an approximate 9.91% shareholding interest in Hans Energy, a company listed on the main board of the Hong Kong Stock Exchange.
Partner Cherry Chan led the Hong Kong-based team advising Istithmar, assisted by senior associate Lina Lee and associates Virginia Lee, Megan Chia and Jane Wang.