Appleby advised Dalian Wanda Commerical Properties on Hong Kong Listing

29 Nov, 2013

Leading offshore law firm Appleby acted as acted as British Virgin Islands counsel for Dalian Wanda Commercial Properties Co. Ltd. in relation to the listing of US$600 million 4.875 per cent guaranteed bonds due 2018 and issued by Wanda Properties Overseas Limited, an indirect wholly owned BVI special purpose subsidiary of Dalian Wanda.

The bonds were listed on the Main Board of the Hong Kong Stock Exchange on 22 November 2013, with gross proceeds of approximately US$586.2 million.  The Issuer, through Dalian Wanda or other group companies, will use the net proceeds to invest in land development projects in the PRC.

The Appleby team was led by Judy Lee (pictured), a Corporate Partner to the Appleby’s Hong Kong office, assisted by Senior Associate Paul Cheuk and Associate Jo Lit.  Reed Smith Richards Butler advised the company as to Hong Kong law, while Tian Yuan Law Firm advised as to PRC law.  Linklaters advised the joint lead managers as to Hong Kong law, while Jingtian & Gongcheng advised as to PRC law.  Linklaters also advised the trustee, the Bank of New York Mellon, London Branch, as to Hong Kong law.

About the author

Related Posts

Leave a reply