Shearman & Sterling represented J.P. Morgan Securities plc, Haitong International Securities Company Limited, CCB International Capital Limited and China CITIC Bank International Limited as the initial purchasers in connection with China ZhengTong Auto Services Holdings Limited’s offering of its $160 million aggregate principal amount of 12 percent senior notes due 2022.
China ZhengTong Auto Services Holdings Limited is a leading 4S dealership group in China. The company is principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles, and after-sale services.
The Shearman & Sterling team was led by partners Kyungwon (Won) Lee and Alan Yeung (both Hong Kong-Capital Markets); associate Yuanjing Chen (Shanghai-Capital Markets); international specialist Yiming Chen (Shanghai-Capital Markets); and legal assistant Hayley Law (Hong Kong-Capital Markets).
NOTES TO EDITORS:
About Shearman & Sterling:
With more than 850 lawyers in 23 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 80 countries and speak more than 60 languages.
http://www.shearman.com/
Contact:
Samily Kwok, Asia Media | T: +852 2978 8020 | E: [email protected]