Hsin Chong Construction Group is one of the largest construction and property development companies based in Hong Kong.
Simmons & Simmons acted for the Company and more than 40 subsidiary guarantors to complete the transaction.
Simmons & Simmons also acted as the listing agent for the listing of the bonds on the Hong Kong Stock Exchange (“HKSE”).
Simmons & Simmons previously acted for the Company in November 2015 when it issued US dollars convertible bonds in the principal amount of US$100 million.
The Simmons & Simmons team was led by debt capital markets partner Jay Lee in Hong Kong, assisted by Linda Cheng, Christine Zhao, Ruby Lau, Sophie Qu and Macy Chu. In addition, corporate and commercial partner Joseph Lee, and associate Christopher Ma, assisted the team in respect of HKSE listing rules.
Commenting on the transaction, partner Jay Lee, said: "We assisted Hsin Chong Construction Group by providing efficient execution in very tight timeline, seamless legal advice across several different jurisdictions, and encompassing various aspects of the transaction, including regulatory and listing rules. Coming after the Company’s issuing of convertible bonds late last year, this transaction and bond listing demonstrates Simmons & Simmons’ strong debt capital markets, corporate and commercial capabilities."
Notes to editors:
1. We are a leading international law firm with fully integrated teams working through offices in Europe, the Middle East and Asia, and bring experienced professionals to some of the most active growth markets today. Our focus on a small number of sectors means we are able to understand and respond to our clients’ needs. Our industry sectors are: Asset Management & Investment Funds, Financial Institutions, Life Sciences and Telecoms, Media & Technology (TMT). We also focus on the E&I market, in particular through our international projects and construction teams. We have a track record for innovation and delivering value to clients through new ways of working.
2. Simmons & Simmons is an international legal practice carried on by Simmons & Simmons LLP and its affiliated practices. Accordingly, references to Simmons & Simmons mean Simmons & Simmons LLP and the other partnerships and other entities or practices authorised to use the name “Simmons & Simmons” or one or more of those practices as the context requires. The word “partner” refers to a member of Simmons & Simmons LLP or an employee or consultant with equivalent standing and qualifications or to an individual with equivalent status in one of Simmons & Simmons LLP’s affiliated practices.
3. For all firmwide news and expert commentary, visit our website at simmons-simmons.com.
4. News is also published via the firm’s page on LinkedIn at linkedin.com/company/simmons-&-simmons
5. The Simmons & Simmons Debt Capital Markets (‘DCM’) team advises on a full range of debt and equity-linked transactions. We work for many of the most active and innovative investment banks, as well as a number of significant corporates and institutional investors, and have a reputation for swift, efficient and cost-effective execution in a diverse range of jurisdictions.