King & Wood Mallesons (KWM) is advising GRANDBLUE INVESTMENT HONGKONG LIMITED ("Grandblue"), an indirect wholly owned subsidiary of Grandblue Environment Co., Ltd., a company listed on the Shanghai Stock Exchange (Shanghai stock code: 600323), on its approximately HK$11.1 billion pre-conditional proposal for the privatisation of Canvest Environmental Protection Group Company Limited (HKEX: 1381) ("Canvest") by way of a scheme of arrangement (scheme) under the Companies Act of the Cayman Islands. Grandblue and Canvest issued a joint announcement on the Hong Kong Stock Exchange (HKEX) on 22 July 2024.
Upon the scheme becomes effective, the listing of the shares of Canvest will be withdrawn from the HKEX.
The KWM team is led by Dr. Sheldon Tse, Partner and Practice Leader of Corporate & Securities Practice (Corporate & Securities, HKSAR), partners Cao Yuhui, Wang Lifeng (Securities, Shenzhen) and Chai Zhifeng (Compliance & Regulatory Group, Data Compliance & Antitrust Competition, Shanghai), with support from counsel Sheryl Cheung, senior associates Angela Chung and Lu Guanting and associates Christine Lau, Yang Bo, Luo Jie and Zhao Feiyan.
Any reference to “Hong Kong” or “Hong Kong Special Administrative Region” and “Macao” or “Macao Special Administrative Region” herein shall be construed as “Hong Kong Special Administrative Region of the People's Republic of China” and “Macao Special Administrative Region of the People's Republic of China”.
