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Latham & Watkins Advises on the Privatisation of C.P. Pokphand Co. Ltd
February 10, 2022
Firm counsels on delisting from The Stock Exchange of Hong Kong.
CPF Investment Limited has completed the privatisation of C.P. Pokphand Co. Ltd (CPP), a Hong Kong listed company, by way of a scheme of arrangement for a total consideration of HK$6,991.27 million (approximately US$900 million). Following the delisting from The Stock Exchange of Hong Kong, completed on 18 January, CPF Investment now owns 75% of issued shares, while ITOCHU, an existing shareholder, retains its 25% stake in the company.
Latham & Watkins advised Charoen Pokphand Foods Public Company Limited, the controlling shareholder of CPP and holding company of CPF Investment, on the transaction with a Hong Kong team led by corporate partners Posit Laohaphan and Terris Tang, with associate Bonnie Tse.