Mergers & Acquisitions
In his role as General Counsel to China Mobile (Hong Kong), Ltd., David was key to the Company's successful completion of four (4) major acquisitions of provincial operating companies from its State-owned parent, China Mobile Communications Corporation Ltd., in Beijing, including:
1) The acquisition in July 2004, of the Neimenggu (Inner Mongolia), Jilin, Heilongjiang, Guizhou, Yunnan, Xizang (Tibet), Gansu, Qinghai, Ningxia and Xinjiang operating companies, and the China Mobile Communication Company Limited ("CMC") and Jingyi Design Institute, for a total consideration of US$3.650 billion;
2) The acquisition in July 2002, of operating companies Anhui Mobile, Jiangxi Mobile, Chongqing Mobile, Sichuan Mobile, Hubei Mobile, Hunan Mobile, Shaanxi Mobile, and Shanxi Mobile, for a total purchase price of US$8.6 billion;
3) The acquisition in November 2000, of operating companies Shandong Mobile, Liaoning Mobile, Hebei Mobile, Beijing Mobile, Shanghai Mobile, Tianjin Mobile, and Guangxi Mobile, for a total purchase price of US$32.8 billion; and,
4) The acquisition in November 1999, of operating companies Fujian Mobile, Henan Mobile and Hainan Mobile, for a total purchase price of US$6.37 billion.
Additionally, David supported the negotiations between China Mobile Ltd. and Vodafone Group Plc., which included a US$2.5 billion placement of shares to Vodafone. He also lead the negotiations over a two-year period with Hewlett-Packard Company, Vodafone Global Platform Group, and other global IT companies, which resulted in the formation of a groundbreaking US$60 million joint venture mobile data application services provider in China, ASPire Technologies (Shenzhen), Ltd.