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 hires new partner Belen Lavandera to strengthen its Spanish employment practice
Pinsent Masons has continued the growth of its Spanish practice with the hire of new employment partner Belén Lavandera from Linklaters.
Pinsent Masons enters joint venture with China Commercial Law Firm
Multinational law firm Pinsent Masons has followed up the opening of a new office in Shenzhen with government approval to enter a joint venture in the Qianhai Free Trade Zone with leading Chinese corporate law firm China Commercial Law Firm (CCL).
Pinsent Masons MPillay advises Asian Development Bank on funding of submarine cable connecting Vanuatu and New Caledonia
Pinsent Masons MPillay has advised the Asian Development Bank (ADB) on the financing for the design, construction and installation of a 411-kilometre submarine cable connecting the Pacific nations of Vanuatu and New Caledonia.
People who viewed this press release also viewed
Show me all press releasesPinsent 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).
Pinsent Masons advises INDY Cinema on its acquisition by VERSANT
Multinational law firm Pinsent Masons has advised international cinema technology business INDY Cinema (INDY) on its acquisition by New York-based VERSANT, an industry-changing media and entertainment company.
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]