Fordoo Holdings Limited’s Convertible Bond Offering

Chungs Lawyers, the associated firm of DeHeng Law Offices, advised China Fordoo Holdings Limited on the offering. China Fordoo Holdings Limited executed the issuance of convertible bond in the principal amount of HK$60 million at the rate of 8% per annum due 2024. Upon the exercise of right to convert all of the outstanding principal amount of the convertible bond at the initial conversion price of HK$0.60 per conversion share, the investor will receive 100 million shares, representing approximately 4.56% of the issued share capital of China Fordoo as enlarged by the subscription. China Fordoo intends to use the net proceeds from the subscription for […]

Yanchang Petroleum International’s Adoption of New Share Option Scheme

DeHeng advised Yanchang Petroleum International Limited on the deal. Yanchang Petroleum International Limited executed the adoption of new share option scheme so that share options may be granted to its employees and other eligible participants in reward for their contribution in the future. Yanchang Petroleum International engages in both the upstream and downstream sectors of the oil and gas Industry and is an important platform to develop the overseas business of the Yanchang Petroleum Group, the majority shareholder of Yanchang Petroleum International. The DeHeng team was led by partner Howard Lau (Picture) and supported by associate Alaida Au and trainee solicitor Alex Tsoi. Involved fees earner: Alaida Au – Chungs […]

Zhoushan Islands New Area Penglai State Asset Investment Group’s $150 Million Bonds Offering

Chungs Lawyers advised Zhoushan Islands New Area Penglai State Asset Investment Group on the deal. Zhoushan Islands New Area Penglai State Asset Investment Group Co., Ltd. executed the issuance of US$150 million 3.90% credit enhanced bonds due 2025 supported by an irrevocable standby letter of credit provided by Bank of Hangzhou Co., Ltd. Zhoushan Branch and listed on the Stock Exchange of Hong Kong Limited. Zhoushan Islands New Area Penglai State Asset Investment Group is the core operating entity responsible for sales of resettlement housing and affordable housing, as well as land development and consolidation in Daishan County, serving the dual purposes of supporting the social and economic development of Daishan County and achieving business growth.  The Chungs Lawyers team was led Lily Liang […]

GOGOX’s HK$670 Million IPO

Paul Hastings advised the joint sponsors and underwriters on the deal while Cooley represented GOGOX. GOGOX HOLDINGS LIMITED announced the HK$670 million (approximately US$86 million) global offering […]