Pinsent Masons advises Tan Chong on its tender offer to purchase shares in Zero Co. Ltd
07 Jul 2014 | 10:58 am |
International law firm Pinsent Masons has advised Tan Chong International Limited (“Tan Chong”), a Hong Kong Main Board listed company, on its tender offer to purchase an approximate 28% interest in Zero Co. Ltd (“Zero”), a Tokyo Stock Exchange listed company, for approximately HK$305 million (equivalent to approximately £23 million). Such interests acquired together with interests previously acquired by Tan Chong gives Tan Chong an aggregate current holding of approximately 51% interests in Zero.
The acquisition constituted a Major Transaction for Tan Chong under the Hong Kong Listing Rules. Pinsent Masons advised Tan Chong on the Hong Kong legal and regulatory aspects of the transaction.
Both Tan Chong and Zero are engaged in the automobile-related business. Tan Chong, through the tender offer, is expected to further expand its business in the ASEAN region through the establishment of a closer capital and business alliance with Zero.
The Pinsent Masons Team advising on the deal was led by Corporate Partner Kenneth Chong, assisted by Senior Associate Denise Chan and Trainee Solicitor Kris Cheung in the Hong Kong office.
Key Contacts
Latest press releases
Show me all press releasesChanges needed to drive infrastructure's technology revolution
A global infrastructure survey by international law firm Pinsent Masons has revealed that there is still a lack of understanding of technology across the sector, which is prohibiting change.
Advising Statkraft on Ireland's first grid-scale battery storage project
International law firm Pinsent Masons has advised Statkraft on the installation and operation of Ireland's first grid-scale battery storage project as part of the hybrid battery-and-wind Kilathmoy initiative.
Advising BP on first investment in AI in China
International law firm Pinsent Masons has advised global energy company BP on its investment in energy management tech specialist R&B
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises Zurich on the sale of its UK Retail Wealth business
International law firm Pinsent Masons has advised Zurich, the global insurance provider, on the sale of its UK Retail Wealth business to Embark Group.
Pinsent Masons advises SR Smith on its acquisition of Sunbather
International law firm Pinsent Masons has advised S.R. Smith on the acquisition of Sunbather.
Pinsent Masons appoints new partner to enhance property and real estate expertise in France
Pinsent Masons has hired real estate expert Denis Charles, as partner in its Paris office.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]