Legal DealFolio - Cheung Kong Infrastructure Top-up Placement

Herbert Smith advised Citigroup Global Markets Asia and The Hongkong and Shanghai Banking Corporation, as joint placing agents, on the sale of approximately 51 million shares of Cheung Kong Infrastructure Holdings (CKI) held by its controlling shareholder, Hutchison Infrastructure Holdings, for HK$2.3 billion (US$296 million) under a top-up placement. This transaction follows CKI's earlier HK$3.4 billion (US$438 million) top-up placing in July 2011, in which Herbert Smith also acted as counsel to the sole placing agent. CKI is the largest publicly listed infrastructure company in Hong Kong with diversified investments in energy, transportation and water infrastructure. The Herbert Smith team was led by Jason Sung, supported by associate Elisa Leung and trainee Frank Choi. Advice on US security was provided by partner Kevin Roy and associate Jackie Chen. Jason Sung and Kevin Roy jointly commented: "We are delighted to have had the opportunity to work on two of the largest capital raising transactions in Hong Kong in March 2012. These deals reinforce our position as one of the leading equity capital markets teams in the region."

Deal Date:	02-04-2012	Practice Area:	Equity Capital Markets
Deal Title:	Cheung Kong Infrastructure Top-up Placement	Industry:	Gas, Water & Multiutilities
Description:	Herbert Smith advised Citigroup Global Markets Asia and The Hongkong and Shanghai Banking Corporation, as joint placing agents, on the sale of approximately 51 million shares of Cheung Kong Infrastructure Holdings (CKI) held by its controlling shareholder, Hutchison Infrastructure Holdings, for HK$2.3 billion (US$296 million) under a top-up placement. This transaction follows CKI's earlier HK$3.4 billion (US$438 million) top-up placing in July 2011, in which Herbert Smith also acted as counsel to the sole placing agent. CKI is the largest publicly listed infrastructure company in Hong Kong with diversified investments in energy, transportation and water infrastructure. The Herbert Smith team was led by Jason Sung, supported by associate Elisa Leung and trainee Frank Choi. Advice on US security was provided by partner Kevin Roy and associate Jackie Chen. Jason Sung and Kevin Roy jointly commented: "We are delighted to have had the opportunity to work on two of the largest capital raising transactions in Hong Kong in March 2012. These deals reinforce our position as one of the leading equity capital markets teams in the region."
Financial Center:	Hong Kong	Value:	100.01-500.00
Advised Party:	Lead Manager	Law Firm	Herbert Smith Freehills
Issuer Jurisdiction -	Hong Kong	Listing Jurisdiction -	Hong Kong
Classification:	Secondary Offerings and Placings Taiwan Stock Exchange:	Lawyer	Jason Sung

Practice Areas -

Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers