CPF Investment Limited has completed the privatisation of C.P. Pokphand Co. Ltd (CPP), a Hong Kong listed company, by way of a scheme of arrangement for a total consideration of HK$6,991.27 million (approximately US$900 million). Following the delisting from The Stock Exchange of Hong Kong, completed on 18 January, CPF Investment now owns 75% of issued shares, while ITOCHU, an existing shareholder, retains its 25% stake in the company.
Latham & Watkins advised Charoen Pokphand Foods Public Company Limited, the controlling shareholder of CPP and holding company of CPF Investment, on the transaction with a Hong Kong team led by corporate partners Posit Laohaphan and Terris Tang, with associate Bonnie Tse.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
