 |
BKL handles Lotte Group expansion into China home shopping |
|---|---|
 |
2010-09-24 |
 |
BKL has advised Lotte Group in its acquisition of a majority stake in Lucky Pai Limited, the Cayman Islands holding company for the Lucky Pai network of home shopping channels in China. Lotte’s Cayman affiliate LHSC Limited purchased a 63.2% stake in Lucky Pai from a number of institutional and individual investors on August 13, 2010, with the remainder of the shares slated to be bought out over a 4 year period. Investing in LHSC Limited were Lotte Shopping, Lotte Homeshopping and Lotte Midopa, joined by Itochu Corporation of Japan. Lucky Pai’s home shopping network in the PRC covers Shanghai, Guangzhou and Chongqing, and extends to provinces including Henan, Shandong and Yunnan. The BKL team, led by partner Jung Min Jo and including Minwoon Yang and Albert Suh, handled the full array of deal tasks for Lotte, including negotiation of the share purchase documents opposite Lucky Pai management and shareholders (represented by O’Melveny & Myers, Shanghai) as well as joint venture agreements opposite the Itochu Corporation team. |
 |
BKL handles Korean IPO of PRC firm Shenglong PV-Tech Investment |
|---|---|
 |
BKL advises Korea Hydro & Nuclear Power in US$500M notes issue |
