Davis Polk advised the sole placing agent in connection with the placing of 38,500,000 shares held by China Asset Management Co., Ltd. in Yestar International Holdings Company Limited for a total consideration of approximately HK$148 million. Zhongzhi Capital Management Co., Ltd. is the guarantor in the placing.

Yestar International Holdings Company Limited is one of the leading high margin medical consumables and equipment companies in the PRC. Its core business focuses on high margin healthcare consumables and equipment namely, medical imaging products and in vitro diagnostic products. Its shares are listed on the Hong Kong Stock Exchange. China Asset Management Co., Ltd. is a leading fund management company in the PRC in terms of mutual funds assets under management. Zhongzhi Capital Management Co., Ltd. is a multi-asset class focused asset management company which is headquartered in Beijing.

The Davis Polk team consisted of partner Paul Chow, counsel Peter Cheng, associate Nicholas Cheung and registered foreign lawyer Xuelin (Steve) Wang. All members of the Davis Polk team are based in the Hong Kong office.

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