Slaughter and May is advising Oversea-Chinese Banking Corporation Limited on the financing of the privatisation of Dah Chong Hong Holdings Limited

Slaughter and May, Hong Kong, is advising Oversea-Chinese Banking Corporation Limited on its loan facility to CITIC Pacific Limited for the financing of the privatisation of Dah Chong Hong Holdings Limited by way of a scheme of arrangement. The total consideration payable to the scheme shareholders would be HK$3 billion.  

The principal businesses of Dah Chong Hong Holdings Limited are the sales of motor vehicles, provision of motor related businesses and services, sales of food, healthcare and consumer products, as well as the provision of logistics services.

CITIC Pacific Limited is a wholly-owned subsidiary of CITIC Limited, which is listed on The Hong Kong Stock Exchange and whose principal businesses are financial services, resources and energy, manufacturing, engineering contracting and real estate.