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Freshfields advises on US$1.29bn share placement by Alibaba Health Information Technology Limited
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Citigroup Global Markets Limited and Credit Suisse (Hong Kong) Limited, the placing agents in the US$1.29bn placing of 498.7 million new shares in Alibaba Health Information Technology Limited, which is listed on the Hong Kong Stock Exchange.Alibaba Health is the Alibaba Group’s flagship healthcare platform. Its principal activities comprise the sale of pharmaceutical and healthcare products and services and the provision of Internet based medical services, consumer healthcare services and intelligent medicine services, provision of tracking services and other innovative services. The proceeds of the placing will be used to further develop the Group’s pharmaceutical and healthcare omni-channel business and medical and healthcare services business, and its digital infrastructure and innovative business.
The Freshfields team advising on the transaction was led by partners Grace Huang, Arun Balasubramanian and Edward Freeman.
ENDS
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