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 advises Cosonic on the acquisition of beyerdynamic Group
Multinational law firm Pinsent Masons, together with China Commercial Lam Lee Lai (Qianhai) Law Firm (CCL), has advised Cosonic International Pte. Ltd. on the acquisition of the beyerdynamic Group. The transaction value amounts to approximately USD 150 million.
Pinsent Masons unveils enhanced employment tribunal service to address mounting claims volumes
Multinational law firm Pinsent Masons has today announced an enhanced employment tribunal proposition, Employment Tribunals Reimagined, designed to help clients manage the increasing volume of employment tribunal claims.
Pinsent Masons and Knights advise London & Quadrant Housing Trust on the sale of its PRS business
Pinsent Masons and Knights have advised London & Quadrant Housing Trust (L&Q) on the successful sale of its private rented sector (PRS) business, trading as Metra Living, in a deal valued at £1,045 million.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises Sammons Enterprises on the disposal of Briggs Equipment
Multinational law firm Pinsent Masons has advised Sammons Enterprises on the disposal of materials handling equipment provider Briggs Equipment UK to pension capital firm IFM Investors. After receiving the required regulatory clearances, the deal formally completed on 2 June.
Pinsent 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.
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]