Appleby acted as British Virgin Islands counsel to mandated lead arrangers (MLAs) and bookrunners in providing a HK$1.8 billion secured syndicated term loan and revolving credit facility to Fortune Real Estate Investment Trust (Fortune REIT) involving a BVI borrower and several BVI security providers. The MLAs and bookrunners included Australia and New Zealand Banking Group Limited, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited and Sumitomo Mitsui Banking Corporation. (more…)

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Paul Hastings, a leading global law firm, announced today that the firm represented Optics Valley Union Company Limited (“Optics Valley Union”) in its US$107 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. BNP Paribas, China Merchants Securities, Haitong International, GF Securities, Changjiang Securities, CCB International and ABCI Securities were the underwriters of the offering. (more…)

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Latham & Watkins LLP is pleased to announce that David Blumental has joined the firm as a partner in the Corporate Department (more…)

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Leading international law firm Clifford Chance has recently advised on bond issuances raising over US$2.78 billion in the last two months, including the following issuances under medium term note programmes: (more…)

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International law firm Freshfields Bruckhaus Deringer is advising Wing Hang Bank (Wing Hang) on the proposed takeover offer by Oversea-Chinese Banking Corporation (OCBC), which was jointly announced today by Wing Hang and OCBC (more…)

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The Firm recently represented Bis Industries Group Limited (“BIS”), an Australian portfolio company of Kohlberg Kravis Roberts & Co. L.P., in its offering of US$250 million of 11.50%/12.00% Senior PIK Toggle Notes due 2019, pursuant to Rule 144A and Regulation S. The notes were issued by its subsidiary, Artsonig Pty Limited (“Artsonig”).  Goldman Sachs, BofAML, KKR and UBS acted as joint bookrunners for the offering (more…)

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Davis Polk is advising Intime Retail (Group) Company Limited in connection with a proposed strategic investment by Alibaba Group. Pursuant to terms of the investment, Intime has conditionally agreed to issue shares and convertible bonds to Alibaba Group for an aggregate consideration of approximately $692 million. Intime will also form a joint venture with Alibaba Group in the PRC to explore opportunities in the online-to-offline (O2O) business (more…)

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Appleby is pleased to announce its Hong Kong office has advised the mandated lead arrangers and financial advisors (MLAs) in relation to the US$3 billion privatisation of the New York-listed Chinese online gaming company Giant Interactive Group Inc. (Giant Interactive) (more…)

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Hogan Lovells advised Macquarie Capital Securities Limited (“Macquarie”) and Standard Chartered Securities (Hong Kong) Limited (“Standard Chartered”), as bookrunners and placing agents, on the sale of 600 million existing shares in Tongda Group Holdings Limited (“Tongda”) by Landmark Worldwide Holdings Limited (“Landmark Worldwide”) and the subscription of the same number of new shares by Landmark Worldwide, raising approximately HK$672 million (US$86.7 million). Landmark Worldwide is Tongda’s controlling shareholder. (more…)

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Appleby acted as Bermuda counsel to the Asia Broadcast Satellite (ABS) group of companies in relation to its approximately US$470 million secured loan financing from the Export-Import Bank of the United States (Ex-Im Bank). (more…)

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The international law firm Milbank, Tweed, Hadley & McCloy advised Haichang Holdings Ltd. (“Haichang”) in the approximately US$316 million global offering and initial public offering of its shares on the Hong Kong Stock Exchange – the first global offering by a theme park operator in Hong Kong. (more…)

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Paul Hastings, a leading global law firm, announced today that the firm represented CITIC Securities Corporate Finance (HK) Limited as the sole sponsor and CLSA Limited as the sole global coordinator, bookrunner and lead manager in Poly Cultural Group Corporation Limited’s (“Poly Cultural Group”) US$331 million global offering and listing of its H-shares on the Main Board of the Hong Kong Stock Exchange. (more…)

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