Leading offshore law firm Appleby acted as Bermuda and BVI counsels to China Orient Asset Management (International) Holding Limited (COAMI) in relation to a HK$560 million term loan facility granted by Ample Mark Enterprises Ltd. (Ample Mark), a wholly-owned subsidiary of COAMI, to Skyfame Realty (Holdings) Limited (Skyfame). Ample Mark also agreed to subscribe and pay for the Convertible Bonds issued by Skyfame in an aggregate principal amount of HK$40 million.
The Appleby team was led by Frances Woo (pictured), group chairman and managing partner, and Associate Vincent Chan, in Appleby’s Hong Kong office. Morrison & Foerster and Sidley Austin advised COAMI and Skyfame respectively on Hong Kong laws.
COAMI is an indirect wholly-owned subsidiary of China Orient Asset Management Corporation (COAMC), a state-owned non-banking financial institution in China which has a national service network of 25 branches and a business department across the country. Skyfame is an investment holding company focused on property development, property investment, hotel operation and property management.