Paul Hastings has advised Far East Horizon, a financial leasing subsidiary of Chinese state-owned Sinochem Group, on the sale of its new shares worth $371 million. The financial service provider is looking to use the capital raised to fuel its growth ambitions.

Hong Kong-based partners Raymond Li and Chris Betts spearheaded the team that advised Far East Horizon, with additional support from associate Anthony Pang.

UBS was the sole placing agent involved in this transaction, and was advised by Freshfields Bruckhaus Deringer.

Paul Hastings and Far East Horizon have enjoyed a close working relationship going back several years. The law firm had advised Far East Horizon on its $757 million Hong Kong listing and IPO in March 2011. It had also assisted the company on its issuance of preference shares to investors Kohlberg Kravis and Roberts, the Government of Singapore Investment Corp and the China International Capital Corp back in 2009. ALB

Kanishk Verghese is North Asia journalist with ALB. Follow us on Twitter: @ALB_Magazine.

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