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Hong Kong-based Skadden partner joins IPO-bound Grab as GC


3 Min Read
NEW YORK, NY (Reuters) - Former Skadden, Arps, Slate, Meagher & Flom capital markets partner Christopher Betts has left the firm to become general counsel at Grab Holdings Inc, the largest ride-hailing and food delivery firm in Southeast Asia.
REUTERS/Yuri Gripas
Betts move comes after Skadden, along with Hughes Hubbard & Reed, said it had advised the Singapore-based delivery service here on its record $40 billion blank-check merger with special purpose acquisition company Altimeter Growth in April. Betts, who is fluent in Mandarin Chinese, was not listed as an adviser on Grab s SPAC merger.
The deal, which paves the way for a backdoor Nasdaq listing for Grab here, is expected to close by the end of this year and will be the largest U.S. equity offering by a Southeast Asian company. Ropes & Gray is advising Altimeter, while Wilmer Cutler Pickering Hale and Dorr is representing Altimeter Capital Management and Altimeter Capital Markets. ....

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All-Male Boards Rule at Hot Chinese Companies From Xiaomi to Nio


China’s Hottest Companies Are Ruled by All-Male Boards
Bloomberg
3/8/2021
Warren Buffett-backed carmaker BYD Co., Nike-rival ANTA Sports Products Ltd. and Nasdaq-listed retailer JD.com are all emblematic of the global heft of China’s companies. The Chinese giants have another thing in common: None of them have women on their boards.
All-male boardrooms have long been common at stodgy state-owned Chinese enterprises, but they are also a fixture in many of the nation’s entrepreneurial young companies, spanning industries like e-commerce and electric vehicles that are investor favorites. That’s left the nation with the dubious distinction of being one of the worst places for boardroom gender diversity. ....

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