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Eversheds Sutherland advises Eagle Ride on a HK$270 million public takeover bid

  • Hong Kong


    The Hong Kong office of global law firm Eversheds Sutherland fhas advised Eagle Ride Investments Limited, a subsidiary of APAC Investment Holdings Limited, on the HK$270 million public takeover bid for shares of Radford Capital Investment Limited, which is listed on the mainboard of the Hong Kong Stock Exchange.

    Eagle Ride is a special purpose vehicle wholly-owned by APAC, whose principal business is investment holding, focusing on the energy sector and high growth private investments. Eagle Ride launched the takeover bid as offeror by making conditional voluntary cash offers to acquire all shares and to cancel all warrants in Radford. As part of the deal, Eagle Ride is also acquiring another approximately 21% of the issued shares of Radford from some of its existing shareholders.

    The Eversheds Sutherland team was led by Head of Corporate, Asia, Stephen Mok, assisted principally by Grace Leung, Sandy Yeung and Anna Kwong.The takeover financing was advised by a team led by Partner Kingsley Ong.

    Stephen Mok commented:

    “We are very pleased to partner with APAC in this strategically important transaction and wish them every success in their business expansion."

    Mr Hu Hai Song, the sole director of APAC, commented:

    “The bid for Radford is a very important deal for us as we expect the listed platform to act as a springboard for our expansion into the energy sector. We are very grateful for Eversheds Sutherland help in making this deal a great success. In particular, we were impressed by their expertise in tackling the complex regulatory and structural issues and their overall dedication to this project."

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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