Global law firm Clifford Chance has advised Hong Kong-listed Weimob Inc. as issuer’s counsel on its concurrent repurchase of US$300 million zero coupon guaranteed convertible bonds due 2026, issuance of new bonds, and placement of new shares.
Partners David Tsai and Jean Thio co-led a team and were supported by counsel Lorna Lyu, senior associates Kenneth Ip and Xuemei Wang, associates Michael Cheng and Xavier Chan and legal analyst Yujie Wen.
David said, “We are proud of our team’s ability to have advised Weimob on this matter as it illustrates the growing trend of companies using sophisticated financing methods concurrently to meet their financing goals.”
Jean said, “Our cross-jurisdiction teams have worked seamlessly in advising Weimob in this matter which involves compliance with stock exchange rules in Hong Kong and Singapore, the issues related to debt and equity security and the general capital market.”
Weimob is a prominent provider of cloud-based commerce and marketing solutions and targeted marketing services for merchants in China, specialising in SaaS and intelligent business solutions customised for specific industries, alongside advertising services through Tencent and other social media to reach specific audiences.
