Appleby advised China Post Group Limited ("China Post") on an approximately USD128 million investment in Ule Holdings Limited ("Ule Holdings") though China Post's subsidiary Telpo Philatelic Company Limited ("Telpo").
Ule Holdings entered into a subscription agreement with Telpo, pursuant to which Ule Holdings agreed to allot and issue, and Telpo agreed to subscribe, a total of 912,332,171 shares in Ule Holdings. Telpo's shareholding of Ule Holdings will be increased from approximately 43.71% to 70%, while TOM E-Commerce Limited's shareholding will be reduced from 42% to 22.39%, with the minority investors holding approximately 7.61%.
The Hong Kong team was led by managing partner David Bulley and partner Vincent Chan.
With a broad global footprint, strong working relationships with local regulators and deep transactional experience, our M&A team is well-positioned to advise clients on the offshore aspect of a wide range of M&A activities in the Asia-Pacific region.