The Firm recently represented the initial purchasers led by Goldman Sachs and Morgan Stanley in connection with the US$375.0 million offering of global depositary shares by Shin Kong Financial Holding Co., Ltd., one of the largest financial services holding companies in Taiwan, as measured by total assets.
In addition, concurrent with the offering of global depositary shares, Shin Kong offered US$24.5 million in common shares to its employees and designated domestic investors pursuant to Taiwan regulations. The offering of global depositary shares was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933.
The Simpson Thacher team for the transaction included Chris Lin, Shuang Zhao, Blake Dunlap, Richard Lin and Frank Chen (Capital Markets) and Rian Balfour (Tax).