Simpson Thacher Represents Hop Hing Group in Acquisition of a Leading Fast Food Group in the PRC
03.16.12
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The Hong Kong office of the Firm recently represented Hong Kong stock exchange-listed Hop Hing Group Holdings Limited (“Hop Hing Group”) (HKSE stock code: 47) in connection with its acquisition of Summerfield Profits Limited (“Summerfield”). The purchase price of the acquisition is approximately US$450 million.
Founded in 1932, Hop Hing Group is mainly engaged in the edible oil business with brands including “Lion & Globe” and “Camel,” which are well-known brands in Hong Kong and Mainland China. Summerfield is a leading quick service restaurant chain operator in Mainland China that owns the rights to operate Yoshinoya, a well-known Japanese beef bowl brand with over 100 years’ history, and Dairy Queen, a popular ice cream brand with over 70 years’ history, in the Northern China region.
The Simpson Thacher team for this transaction included Chris Wong, Heidi Lee, Yi Gao, Irene Lau, Shirley Choi and Wei Liang.