DEALS
Zhong Lun Advised HKBN’s Acquisition of Several Businesses from NWTHL
Zhong Lun Advised HKBN’s Acquisition of Several Businesses from NWTHL
HKBN Ltd. (SEHK stock code: 1310, “HKBN"), the Hong Kong Stock Exchange listed company, announced on March 31, 2016 that it has completed the transaction of acquisition of the telecommunications and online marketing solutions business owned by New World Telephone Holdings Limited (“NWTHL").
Catherine Guo, a Shenzhen-based partner of Zhong Lun Law Firm, led a team consisting of associates Alice Qiu, Jenny Li and Jing Zhong to advise HKBN on the PRC related parts of this transaction. The team provided legal services for HKBN included assisting in due diligence, preparation and revision of onshore documents.
HKBN is the largest provider of fibre hi-speed residential broadband service (symmetrical 100Mbps and above) in Hong Kong and HKBN offers a diversified portfolio of premium telecom services to both residential and enterprise markets, including broadband and Wi-Fi access, voice communication, entertainment and an array of advanced enterprise solutions. As a pioneering telecom service provider in Hong Kong, NWTHL is dedicated to offering top-quality international voice and innovative data services for its customers in Hong Kong and overseas. HKBN declared that the acquisition represents an opportunity for the company to double its scale in the enterprise solutions market, expand customer base and network coverage, and create synergies from significant efficiencies of the combined scale.