18 04 2016

USUM Investment Group Hong Kong Limited acquires Chiho-Tiande Group Limited for $232 million

Cadwalader, Wickersham & Taft LLP successfully advised USUM Investment Group Hong Kong Limited (USUM), the Hong Kong-based investment management arm of a company headquartered in Chongqing, China, on its approximately HK$1.8 billion (US$232 million) acquisition of the Chiho-Tiande Group Limited, a Hong Kong-listed recycling company.


USUM Investment Group Ltd operates as an investment holding company. The Company focuses to invest in finance, healthcare, natural resources, and emerging industries. USUM Investment Group, led by Tu Jianhua and Yi Meng, serves customers in China. The transaction involved an unconditional mandatory general cash offer made by China Galaxy International Securities (Hong Kong) Co., Limited on behalf of USUM to acquire all of the issued shares and outstanding convertible bonds of the Chiho-Tiande Group Limited. The Hong Kong-based Cadwalader team, which advised USUM on Hong Kong law, was led by corporate partners Michael Liu (Picture) and Stephen Chan, and included counsel Olivia Wong, special counsel Terris Tang and associate Denise Tsui. Involved fees earner: Michael Liu - Cadwalader Wickersham & Taft; Stephen Chan - Cadwalader Wickersham & Taft; Olivia Wong - Cadwalader Wickersham & Taft; Terris Tang - Cadwalader Wickersham & Taft; Denise Tsui - Cadwalader Wickersham & Taft;

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