Hong Kong, August 8, 2007 –Morrison & Foerster's China team represented China International Marine Containers (Group) Ltd. ("CIMC") in its US$145 million (HK$1.13 billion) acquisition of a 42% controlling interest in a Hong Kong listed company, Enric Energy Equipment Holdings Limited ("Enric"), which was completed on August 7, 2007. 

The acquisition will also trigger a US$199 million (HK$1.55 billion) general offer under the Takeovers Code of Hong Kong to acquire the remaining 58% of Enric.  Once completed, the transaction will be the first cross-border acquisition by an A-Share listed Chinese company of a red-chip or Hong Kong offshore-listed company with operations mainly in China. 

CIMC is the largest shipping container manufacturer in the world and is a publicly listed company on the Shenzhen Stock Exchange.  This acquisition is a significant step for CIMC’s international expansion plan in the gas container equipment area, following CIMC’s recent completion of the €108 million acquisition of Netherlands-based Burg Industries BV ("Burg") in late July 2007.  The acquisition provided CIMC with an 80% equity stake in Burg.

Partners Tien-yo Chao and Xiaohu Ma led the Morrison & Foerster team on deal documentation and to address Hong Kong Takeovers Code and stock exchange listing rules issues, as well as the PRC foreign and domestic investment regulatory issues.