Press //
HWB advises Dafeng Port Heshun on acquisition of Jiangsu Hairong
Submitted by // C C Tan, Partner
06 July 2018


Howse Williams Bowers ("HWB"), a leading Hong Kong independent law firm, advised Dafeng Port Heshun Technology Company Limited ("Dafeng Port Heshun") in relation to the acquisition of Jiangsu Hairong Dafeng Port Petrochemical Product Terminal Company Limited ("Jiangsu Hairong") at a consideration of RMB405.9 million. This transaction constituted a connected and very substantial acquisition to Dafeng Port Heshun under the Hong Kong Listing Rules.

Dafeng Port Heshun is principally engaged in the provision of integrated logistics freight services in Hong Kong, the Pearl River Delta and the Yangtze River Delta regions and the relevant supporting services. It also provides storage services for petrochemical products. Jiangsu Hairong is involved in the provision of harbour port terminal handling and berthing services in an integrated petrochemical terminal complex, being the only berthing dock for oil vessels in Dafeng Port.

The HWB team was led by corporate partner, Brian Ho. The team had lead responsibility for legal documentation on the acquisition and the resolving of corporate and regulatory issues, communication with the regulators and general transaction management.

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Disclaimer: The information contained in this article is intended to be a general guide only and is not intended to provide legal advice.  Please contact if you have any questions about the article.