International law firm Freshfields Bruckhaus Deringer advised Hong Kong-listed Shanghai Industrial Holdings Ltd. (“SIHL”), a conglomerate whose core businesses include infrastructure facilities, real estate and consumer products, on its issuance of HK$3.9bn Zero Coupon Guaranteed Convertible Bonds due 2018. The bonds, issued through a wholly owned subsidiary of SIHL, are guaranteed by SIHL and are convertible into shares of SIHL.
International law firm Freshfields Bruckhaus Deringer advised Hong Kong-listed Shanghai Industrial Holdings Ltd. (“SIHL”), a conglomerate whose core businesses include infrastructure facilities, real estate and consumer products, on its issuance of HK$3.9bn Zero Coupon Guaranteed Convertible Bonds due 2018. The bonds, issued through a wholly owned subsidiary of SIHL, are guaranteed by SIHL and are convertible into shares of SIHL.
Freshfields also assisted SIHL in obtaining the listing of the bonds on the main board of the Hong Kong Stock Exchange. The bonds were listed within ten working days of the initial listing application being submitted. This deal demonstrates how the simplified regime under the revised Hong Kong listing rules successfully led to a reduction in time required for debt issues to professional investors.
The transaction was led by Freshfields China Chairman Teresa Ko, finance partner Andrew Heathcote and corporate partner Charles Ching.
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