Jurisdiction - China
Hong Kong – Herbert Smith advises MGM China Holdings Ltd on HKD 11.7bn IPO.

13 June, 2011


Herbert Smith has advised MGM China Holdings Limited ("MGM China Holdings") on its HK$11.7 billion (US$1.5 billion) IPO on the Main Board of Hong Kong Stock Exchange and Rule 144A/Regulation S global offering.


MGM China Holdings is one of the leading casino gaming resort developers, owners and operators in Greater China. It is also the holding company of MGM Grand Paradise, S.A., a holder of one of the six gaming concessions or subconcessions to operate a casino in Macau. MGM Grand Paradise currently owns and operates premium integrated casino and luxury resort located on the Macau Peninsula.


The Hong Kong team was led by corporate partner Ashley Alder, associates Sum Wai Foong and Gloria Lam. The US team was led by corporate partner Kevin Roy, Counsel Siddartha Sivaramakrishnan and associate Jackie Chen. Paralegal Chester Ye also assisted.


Ashley Alder commented:


"The successful listing of MGM China Holdings was the third casino gaming company with a significant overseas shareholder to be listed on the Main Board of the Hong Kong Stock Exchange. We look forward to working with the company for many years to come."


Kevin Roy added:


"We are pleased to have advised MGM China Holdings on one of the most successful and exciting IPOs of the year, which confirms our standing as one of the leading capital markets practices in Hong Kong."


JPMorgan, Morgan Stanley and Bank of America Merrill Lynch were joint sponsors, joint global coordinators, joint bookrunners and joint lead managers of the global offering. BNP Paribas, CLSA, Deutsche Bank and RBS were joint bookrunners and joint lead managers of the global offering. Commerzbank was joint lead manager of the global offering, and SMBC Nikko Capital Markets and Union Gaming were joint lead managers of the international offering.

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