Angela Lim and Jean Ang from the corporate Banking & Finance Practice acted for DBS Bank Ltd and ING Bank N.V., Singapore Branch as Mandated Lead Arrangers and Bookrunners and a syndicate of banks in the HK$1,400,000,000 syndicated term loan facility to China Merchants Holdings (Pacific) Limited (“CMHP”) to part finance the acquisition of fifty-one per cent (51%) of the equity interest in Wenzhou Yongtaiwen Expressway, a toll road located in Zhejiang Province, PRC.
Singapore-listed CMHP is a leading toll road company focused on investing in and managing toll roads in the PRC. Headquartered in Singapore, CMHP is a member of the China Merchants Group and is its largest company in Southeast Asia. CMHP is one of the leading toll road operators in China and is the single largest toll road company listed on the Singapore Exchange Securities Trading Limited.
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