Dentons Hong Kong advised as underwriters international counsel on Zhuhai Huafa Group’s offering of senior dim sum guaranteed perpetual capital securities. Zhuhai Huafa Group Ltd. successfully issued CNH1.9 billion aggregate principal amount of 6.000% senior dim sum guaranteed perpetual capital securities in respect of which there is no fixed redemption date and is governed by Hong Kong law. The joint lead managers are Huatai International, Haitong International, HSBC, CITIC Securities Guotai Junan International, China Securities International, Mizuho, Huajin Securities (International), ABC International, Bank of China, China International Capital Corporation, China Industrial Securities International, CMB International, CMBC Capital, CNCB Capital, GF Securities, Hua Xia Bank Co., Limited Hong Kong Branch, ICBC International, Luso Bank Ltd., Orient Securities (Hong Kong), Shenwan Hongyuan (H.K.), SMBC Nikko, SPDB International, SunRiver International Securities Group Limited and TF International.
Zhuhai Huafa Group Ltd. is a large state-owned conglomerate in the PRC with its business operations primarily conducted in Zhuhai City, Guangdong Province and the group’s business consists of six major segments, namely, urban operations, financial services, property development, industrial investment, sales and trading and modern services.
The Dentons Hong Kong team, which advised on Hong Kong law in this offering, was led by capital market partner Gordon Ng, along with associates Ningxin Sun, Tracy Lei, Alex Kwong and legal assistant Alison Chan.
PRC legal advice was provided by Beijing Dacheng Law Offices Senior Partner Lawyer Yu Xugang, Ni Jieyun, Liu Xiaohong, lawyer Zhang Bingwen, Chen Zhen and legal assistant Gao Wei.
