Clifford Chance has advised real estate deveoper Eco World International (EWI) on its $580 million IPO and listing on the Main Market of Bursa Malaysia, the biggest IPO in the country so far this year. 

Paul Hastings is also involved in the deal, representing the IPO’s joint bookrunners, which include CIMB Investment Bank, Maybank Investment Bank, Hong Leong Investment Bank and UOB Kay Hian Securities.

EWI is looking to use proceeds from the IPO to finance projects in the UK and Australia. This listing is largest in Malaysia since independent power producer Malakoff Corp’s IPO in 2015. 

CC partners Raymond Tong and Johannes Juette oversaw the transaction for the firm, while the Paul Hastings team was led by partner Steven Winegar.

 

Related Articles

Deals

A&O Shearman, CC, AZP, AHP guide Indonesia’s $2.35 bln global sukuk issue

by Nimitt Dixit |

Global law firms Clifford Chance and A&O Shearman and local law firms AZP Legal Consultants and Assegaf Hamzah & Partners (AHP) have advised on the issuance of Indonesia’s landmark $2.35 billion global sukuk.

Deals

CC acts on $870 mln HK telecom infra deal

by Hu Yangxiaoxiao 胡阳潇潇 |

Magic Circle law firm Clifford Chance has advised China Merchants Capital (CMC) on its $870 million investment for a 40 percent stake in the fibre assets of HKT Trust & HK, a subsidiary of Hong Kong telecom group PCCW.

Deals

CC, Paul Hastings lead on CR Beverages’ HK IPO

by Charlie Wu 吴卓言 |

Clifford Chance and Jingtian & Gongcheng are advising China Resources Beverages, the beverage division of the state-owned China Resources Enterprise, on its upcoming Hong Kong IPO, which is expected to raise up to $1 billion. Paul Hastings and Zhong Lun Law Firm are acting for the joint sponsors.