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.
Latest press releases
Show me all press releasesPinsent Masons launches REcapture to make multi-let investment and portfolio acquisitions quicker
Multinational law firm Pinsent Masons has launched REcapture, a new tech-based real estate solution designed to make multi-let investment and portfolio acquisitions faster, simpler and more efficient for investors and lenders.
Pinsent Masons advises on The Real Greek pre-pack sale
Multinational law firm Pinsent Masons has advised on the sale of The Real Greek restaurant chain via a pre-packaged administration, acting for the company and subsequently the administrators in delivering the restructuring.
Pinsent Masons advises on Franco Manca CVA
Multinational law firm Pinsent Masons has advised the operating company of the UK pizza restaurant chain, Franco Manca, on its company voluntary arrangement (CVA). Paul Berkovi and Rob Croxen of financial advisory firm, Alvarez & Marsal, have been appointed as supervisors of the CVA.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons continues to strengthen its Energy practice with the appointment of Lucía González as M&A Energy Partner
Pinsent Masons continues to enhance its Energy practice in Spain with the appointment of Lucía González as an M&A Energy Partner, further strengthening the Madrid-based team led by Hermenegildo Altozano.
Pinsent Masons advises on sale of VLocker to Venu+
Multinational law firm Pinsent Masons has advised on the sale of VLocker, a global leader in the design, manufacture, installation and management of electronic locker systems, to Venu+, a United States‑based portfolio company of private equity fund ZCG.
Pinsent Masons advises CSG Chemical Solutions on Celtic Water Care Solutions acquisition
Multinational law firm Pinsent Masons has advised CSG Chemical Solutions (CSG) on their acquisition of Cork-based Celtic Water Care Solutions Limited (Celtic Water Care).
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]