DEALS & DEALMAKERS
ATA, a Chinese computer-based testing company, raised approximately US$46.3 million by pricing its American Depositary Shares [ADS] initial public offering on the NASDAQ Global Market. The ADS shares will trade on the NASDAQ under the symbol “ATAI.” The company provides computer-based testing services in China, as well as test-based educational programs services. O’Melveny & Myers advised on this deal, while Merrill Lynch acted as the sole bookrunner.
Chinese property developer Gemdale Corporation signed a joint venture agreement with UBS AG Hong Kong Branch to establish an offshore investment platform. The 50/50 product joint ventures of UBS and the Shanghai-listed developer will focus on residential developments in the PRC, with expected total capital commitments to be up to US$300 million. Allen & Overy advised on Hong Kong Law, while King & Wood advised on PRC Law.
French home appliance giant SEB International has acquired a controlling interest...
The rest of this article is available to subscribers only. Subscribe now to continue reading this article and to have full access to all other articles and full-text translations.