20 January, 2014

Paul, Weiss advised the Tencent internet company on their US$193m strategic investment in China South City Holdings, a logistics firm in China based in Shenzhen.

Tencent purchased 680.3m new shares in China South City, a Hong Kong listed company, representing approximately 9.9 percent of the enlarged share capital. Tencent also has an option to buy 244.8m additional shares at HKD3.50 each for an additional investment of US$110.5m.

The Paul, Weiss team advising Tencent included Jeanette Chan, Corinna Yu and Patrick Tan.

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