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Guantao Law Firm

18/F, TOWER B, XINSHENG PLAZA, 5 FINANCE STREET, XICHENG DISTRICT, BEIJING 100032, CHINA
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Beijing, Chengdu, Dalian, Guangzhou, Hong Kong, Jinan and 5 more

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Guantao advises Rengo on its investment in Hung Hing

June 2011

Guantao is advising Rengo Co., Ltd ("Rengo") on its acquisition of a 29.9% interest in Hong Kong-listed Hung Hing Printing Group Limited ("Hung Hing") from Asia Packaging Company Limited ("Asia Packaging") for an aggregate consideration of HK$1,425.12 million (£110.5 million).

 

Asia Packaging, which is backed by CVC Asia Pacific Limited, currently holds 340,476,445 shares in Hung Hing, representing approximately 37.5% of the issued share capital.

 

Hung Hing is a manufacturer of packaging products, specializing in printed paper packaging, folding cartons and corrugated containers. The company, which listed on the Hong Kong Stock Exchange in 1992, employs over 17,000 people in five plants in the Peoples Republic of China ("PRC").

 

Rengo is a leading Japanese paper and packaging materials manufacturer, headquartered in Tokyo and listed on the Tokyo Stock Exchange, The company has six core business operations which are paperboard, corrugated packaging, folding cartons, flexible packaging, heavy duty packaging, and overseas businesses. The company has 85 subsidiaries and 26 associated companies, with 32 factories throughout the PRC and South East Asia.

 

Guantao provided full legal services for this project as Rengos PRC counsel. The principal of this project was partner Ms. Yan Pengpeng.

 


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