Jurisdiction - China
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Kirkland Represents CITIC Securities In China Huarong Asset Management Investment.

2 September, 2014

 

Kirkland represented CITIC Securities International Company Limited in connection with its investment in China Huarong Asset Management Co. Ltd., one of China’s four asset management companies founded to resolve non-performing loans for China’s state-owned banks. The investment was part of a RMB 14.54bn (approximately USD 2.35bn) placement by China Huarong to eight strategic investors before its planned IPO. The transaction was closed on August 29, 2014.

 

The Kirkland team was led by partner Frank Sun and also included partners Nick Norris and David Yun. 

 

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