Appleby acts as BVI counsel to Dalian Wanda Commercial Properties in bond listing
Appleby has acted as BVI counsel to Dalian Wanda Commercial Properties in relation to the listing of US$600m (£367m) 4.875 per cent guaranteed bonds due 2018.
The bonds were issued by Wanda Properties Overseas Limited, an indirect wholly owned BVI special purpose subsidiary of Dalian Wanda, and listed on the Main Board of the Hong Kong Stock Exchange on 22 November 2013, with gross proceeds of approximately $586.2m.
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, a corporate partner in Appleby’s Hong Kong office, who was assisted by senior associate Paul Cheuk and associate Jo Lit.
This content was originally sourced from the Appleby website.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big