International law firm Eversheds advised AID Partners Capital Limited, Lunar Capital Management Limited and Mizuho Securities Asia Limited on their acquisition of exchangeable redeemable bonds issued by the controlling shareholder of a juice maker in the PRC, for the sum of US$30.78 million. The exchangeable bonds are exchangeable for shares in the juice maker which is planning for a listing in Hong Kong. The funds will help the juice maker to expand its production facilities and effect a reorganisation in preparation for the upcoming listing.
Hong Kong Corporate partner Stephen Mok, led the team of experts and was assisted by banking partner Michael Yau, corporate associates Norman Hui, Cathy Tang and David Lau, and banking associate Vivienne Chiu.
Stephen Mok commented:
“Eversheds constantly looks for new ways to deliver client service excellence and the combination of creating innovative solutions and completing the deal within a very tight time frame proved to be a winning formula here”.
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