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Mayer Brown announced today that it advised MIE Holdings Corporation (MIE) on the US$100 million acquisition of Sino Gas & Energy Limited (Sino Gas). MIE is listed in Hong Kong specialising in oil and gas exploration, development and production. Sino Gas is an Australian company focused on the exploration and development of unconventional gas assets in the Ordos Basin in the northern province of Shanxi.

Once the acquisition is completed, MIE will hold 51% of the share capital of Sino Gas and utilise most of the purchase funds towards the working programs in order to achieve commercial targets.

The transaction was led by partner Jeckle Chiu.