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Firms act on Kelun-Biotech’s HKD1.9bn H-share placement

Zhong Lun, S&C, Kirkland & Ellis advised on Kelun-Biotech’s HKEX H-share placement raising HKD1.94b (USD250m)

Sullivan & Cromwell steers Saudi Arabian joint venture

Sullivan & Cromwell advised Foxconn Interconnect Technology on a USD100 million joint venture with Saudi Arabia’s Saleh Suleiman Alrajhi & Sons

Fangda, Sullivan & Cromwell act on XPeng buy of Didi’s EV unit

Fangda Partners and Sullivan & Cromwell have advised Chinese electric vehicle maker XPeng on its HKD5.84 billion (USD744 million) acquisition of Didi Global

Taiwanese company to buy ABB’s power conversion arm

Sullivan & Cromwell advised Taiwanese switching power supply manufacturer AcBel Polytech and Millbank represented Swedish-Swiss multinational ABB in the former’s acquisition of the latter’s US-based electricity conversion division for USD505 million

AIM Vaccine taps S&C and Jingtian on HKD156m listing on HKEX

China’s biggest privately owned vaccine group AIM Vaccine enlisted legal advice from Sullivan & Cromwell (S&C) and Jingtian & Gongcheng for its debut on the HKEX

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