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Conyers provided Bermuda and BVI legal advice to Mitsui & Co., Ltd. (“Mitsui”) in connection with its investment in the Hong Kong-based coffee and tea provider Tsit Wing International Holdings Ltd (“Tsit Wing”) by way of a minority shareholding in Tsit Wing. Tsit Wing is a leading supplier of coffee, tea, sugar, dairy products, meat and marine products in Hong Kong and Southern China, covering 5,000+ foodservice customers, ranging from fast-food chains and restaurants such as McDonald’s and KFC, to hotels and airlines such as Sheraton and China Southern Airlines. Mitsui acquired a less than 20% stake in Tsit Wing by purchasing shares from Hero Valour Ltd., which is controlled by Tsit Wing’s chairman and CEO Peter Wong.
Christopher Bickley, Head of Conyers’ Hong Kong office, and Associate Charissa Ball advised on the matter, working alongside Ashurst LLP and Simon Reid-Kay & Associates.