---
type: court_doc
id: "court_ctb_644_15"
court: "CTB"
case_no: "22-50073"
doc_number: 644
doc_type: "UNKNOWN"
filed_date: "2022-07-29"
lang: "en"
machine_translated: false
url: "https://mubeitech.com/en/court/court_ctb_644_15"
json_url: "https://mubeitech.com/api/court/court_ctb_644_15"
---
# Guo Wengui / Miles Guo — bankruptcy case · ECF #644-15



7/26/22, 2:53 PM

Case 22-50073 Doc 644-15 Filed 07/29/22 Entered 07/29/22 13:36:15 Page 1 of 6 CS Finance Merges with COSCO Finance　Paul Hastings LLP

PAUL HASTINGS

News

NEWS
CS Finance Merges with COSCO Finance

March 06, 2018

SHARE បាតា , 的

Hong Kong - Paul Hastings, a leading global law firm, announced today that the firm advised COSCO SHIPPING Development Co., Ltd. ("COSCO SHIPPING Development") on the merger between CS Finance, a nonwholly owned subsidiary of COSCO SHIPPING Development, and COSCO Finance. Hong Kong and Shanghai-listed COSCO SHIPPING Development provides, among other things, vessel chartering and container leasing services.

CS Finance will absorb and merge with COSCO Finance and upon completion, CS Finance will continue as the surviving entity and will be renamed COSCO SHIPPING Finance, while COSCO Finance will cease to exist as a legal entity and will become a branch of the newly named company. The registered capital of COSCO SHIPPING Finance will become US\$422 million. COSCO SHIPPING
PAUL HASTINGS

CS Finance, will have a 23.38% interest in COSCO SHIPPING Finance.

The merger involved different legal frameworks and concepts in the PRC and Hong Kong, and was subject to several complex legal issues under the Listing Rules. The Paul Hastings team also took the lead in the negotiations with and submissions to the Hong Kong Stock Exchange.

Paul Hastings previously represented COSCO SHIPPING Development in its proposed non-public issuance of Ashares to not more than 10 specific target subscribers, including COSCO SHIPPING Development's controlling shareholder, China Shipping (Group) Company, raising gross proceeds of up to US\$1.7 billion.

The Paul Hastings team was led by partner Raymond Li, partner and Chair of Greater China, and of counsel Bonnie Kong, with support from associates Matt Li and Andy Tam.

At Paul Hastings, our purpose is clear - to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world's most innovative global law firms.

China's Fosun Group Acquires Brazilian Asset Manager

Case 22-50073 Doc 644-15 Filed 07/29/22 Entered 07/29/22 13:36:15 Page 3 of 6 7/26/22, 2:53 PM

CS Finance Merges with COSCO Finance　Paul Hastings LLP

PAUL HASTINGS

PRACTICE AREAS

Asia
SIGN UP FOR NEWS INSIGHTS

SUBSCRIBE TO NEWS
MEDIA CONTACTS
SUBMISSION REQUESTS

Email

Corporate, Litigation, Real Estate, and Tax
SCOTT WASSERMAN

Email +1 212 318 6525

Intellectual Property, Life

Sciences, and

Employment

BECCA http

CS Finance Merges with COSCO Finance　Paul Hastings LLP

PAUL HASTINGS

+1 212 318 6513

Europe

ROSTRUM

Email

Asia
heidi au

Email

+852 2867 9052

Paris
KATY FOSTER

Email

+33.1.42.99.04.27
Get In Touch With 13 CONTACT US

Professionals
Solutions

http
PAUL HASTINGS

Client Alerts

FedAction: Financial Regulatory Updates

International Regulatory Enforcement (PHIRE)

London Litigation

Privacy & Cybersecurity

Practice Area Articles

Rapid Rulemaking: SEC Update

Upcoming Events

COVID-19 Resources

Diversity and Inclusion Insights

Podcasts
About

News

Press Center

Social Responsibility

Diversity and Inclusion Insights

Recognitions

Consolidated Appropriations Act, 2021(CAA) Machine Readable Files

Locations

Contact Us

Copyright © 2022 Paul Hastings, LLP. All rights reserved.

Sitemap Legal Notices Global Privacy Statement