Appleby provides Bermuda advice to Zijin Mining in relation to NKWE investment
Appleby has acted as Bermuda counsel for Jin Jiang Mining, a wholly owned subsidiary of Zijin Mining, in relation to its subscription of convertible bonds in NKWE Platinum, a company incorporated in Bermuda and listed on the Australian Securities Exchange.
Jin Jiang will invest AUD20m (£10m) in NKWE by a placement of three-year convertible bonds and the subscription will be completed in tranches. The second tranche is expected to be completed on or before 1 March 2014.
The Appleby team was led by Judy Lee, a corporate partner in Appleby’s Hong Kong office and assisted by senior associate Paul Cheuk, while Minter Ellison Australia acted as onshore counsel to Zijin Mining.
This content was originally sourced from the Appleby website.
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