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Morrison & Foerster Closes ASCOT for China's Leading Juice Maker

07/02/2007

Hong Kong, July 3, 2007 –  Morrison & Foerster's China team represented China Huiyuan Juice Group Limited, a leading China-based juice manufacturer listed on The Stock Exchange of Hong Kong Limited, in an asset swap convertible option transaction (ASCOT) that amended the terms of its privately-held US$85,675,000 in convertible bonds, enabling the bonds to be traded through Euroclear and Clearstream.  The transaction team was led by Hong Kong partner Xiaohu Ma.

China Huiyuan (Stock Code: 01886) is a leading fruit and vegetable juice manufacturer in China, holding 42% of the market share for pure-fruit juice beverages.  Morrison & Foerster also represented China Huiyuan in its initial public offering on The Stock Exchange of Hong Kong Limited earlier this year.