Conyers Dill & Pearman has provided BVI advice to LTC GB Ltd in respect of the issue of US$400 million 2.75 percent bonds due 2021. LTC GB is a wholly-owned subsidiary of Zhejiang Geely Holding Group Company Ltd and a sister company of London Taxi Corp Ltd, the manufacturer of the iconic London taxis. Hong Kong partner Anna Chong, working alongside Davis Polk & Wardwell and King & Wood Mallesons, led the transaction. Conyers Dill & Pearman has also acted as Cayman Islands counsel to DP World in respect of the recent establishment of a sukuk program comprising up to US$3 billion of sukuk certificates to be listed on the Nasdaq Dubai securities exchange in the Dubai International Financial Centre and the London Stock Exchange, as well as the successful first drawdown of US$1.2 billion thereunder. The certificates were issued by DP World Crescent Ltd, an exempted company incorporated in the Cayman Islands. Director Fawaz Elmalki led the transaction whilst Clifford Chance acted as international counsel. Linklaters advised the joint lead managers and book-runners, which included Citigroup, Dubai Islamic Bank, Deutsche Bank, HSBC, Barclays, Emirates NBD, First Gulf Bank, JP Morgan Securities, National Bank of Abu Dhabi and Société Générale. ELP has advised Edelweiss’ private equity arm Ecap Equities Ltd in respect of its investment in Rockdude Impex Pvt Ltd, the company that owns and operates Freshee, a Mumbai-based manufacturer of household packaging and storage products. Partners Suhail Nathani and Darshan Upadhyay and associate partner Amit Manubarwala led the transaction which was completed on 28 April 2016. ELP has also advised BLA Power Pvt Ltd in respect of its...

Allen & Gledhill has advised StarHub Ltd in respect of the issue of S$300 million (US$221m) 3.55 percent notes due 2026 under its S$1 billion (US$737.6m) multicurrency medium term note programme. Partners Tan Tze Gay and Wu Zhaoqi led the transaction. Cyril Amarchand Mangaldas has advised Welspun Energy Private Ltd in respect of the acquisition of the entire stake in Welspun Renewables Energy Private Ltd held by Welspun Energy with about 1,140 MW of renewable energy assets across 10 states in India being developed by Welspun Renewables Energy and its various subsidiaries, by Tata Power Renewable Energy Private Ltd, a subsidiary of Tata Power Company Ltd. Welspun Renewables Energy has the largest operating solar portfolio in India. This is the largest transaction in the renewables space in India to date, valued at approximately INR92.5 billion (US$1.4b). Mumbai infrastructure and project finance partner L Viswanathan and corporate partner Jaya Singhania led the transaction which was signed on 12 June 2016 and is expected to close by September 2016. Davis Polk is advising Fujian Thai Hot Investment Co Ltd (Thai Hot Investment) in respect of its acquisition of Dah Sing Life Assurance Company Ltd, Dah Sing Insurance Services Ltd and Macau Life Insurance Company Ltd from Dah Sing Financial Holdings Ltd (DSFH) and Macau Insurance Company (MIC), a non-wholly-owned subsidiary of DSFH. Pursuant to the terms of the share purchase agreement, Thai Hot Investment has conditionally agreed to acquire the entire issued share capital of each of Dah Sing Life, Dah Sing Insurance Services and Macau Life for HK$8 billion (US$1b) in cash. In connection with the acquisition, Dah Sing Life...

Allen & Gledhill has advised BOC Aviation Ltd, an arm of Bank of China Ltd, in respect of its IPO and listing on the Main Board of the HKSE, raising gross proceeds of HK$8.7 billion (US$1.12b). Partners Leonard Ching, Alvin Zhuang, Sophie Lim, Francis Mok, Harold Or and Sunit Chhabra led the transaction. Appleby has acted as Cayman counsel to Ever Smart International Holdings Ltd in respect of its listing on the Growth Enterprise Market of the HKSE on 30 May 2016, with gross proceeds of approximately HK$60 million (US$7.7m). Ever Smart provides footwear design and development, production management and logistics management services. It has a diverse global customer portfolio of international wholesalers and retailers which are owners and/or licensees of formal and casual brands such as Hush Puppies and Clarks. Most of its footwear is exported overseas to more than 30 countries. Hong Kong corporate partner Judy Lee led the transaction whilst TC & Co, JunZeJun Law Offices and Dentons acted as Hong Kong, PRC and international sanctions counsels, respectively. Locke Lord and Dentons acted as Hong Kong and PRC counsels, respectively, to the sponsors and underwriters. Colin Ng & Partners has represented the borrower, a leading real estate investment fund, in respect of the negotiation of a US$17 million secured term loan and swap facility to partially finance the acquisition and conversion costs of an industrial building. Partner Kenneth Szeto led the transaction which was completed on 9 May 2016. Conyers Dill & Pearman has advised Banque Ouest Africaine de Développement, Citibank NA London Branch and The International Finance Corp in respect of the financing of Tobene...

Allen & Gledhill has advised The Hongkong and Shanghai Banking Corp Ltd in respect of the S$600 million (US$435.4m) arranged term and revolving loan facilities to Alkas Realty Pte Ltd to finance, inter alia, asset enhancement and portfolio expansion plans of the OUE Group. Alkas Realty is a subsidiary of OUE Ltd. Partner Lim Wei Ting led the transaction. Allen & Gledhill has also advised DBS Bank Ltd, Malayan Banking Berhad Singapore Branch, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd as the lenders in respect of the S$653 million (US$473.8m) loan facility for the project financing of the TuasOne Waste-to-Energy (WTE) plant. The TuasOne WTE plant will be developed by TuasOne Pte Ltd, the project company of a consortium comprising Hyflux Ltd and Mitsubishi Heavy Industries Ltd. When completed, the TuasOne WTE plant will be the largest and most energy-efficient WTE plant in Singapore. Partners Kok Chee Wai, Kelvin Wong, Julie Sim and Aloysius Ng led the transaction. Appleby has acted as Cayman counsel to Yadea Group Holdings Ltd in respect of its approximately HK$1.49 billion (US$191.8m) listing on the Main Board of the HKSE. Yadea is the largest electric scooter manufacturer and second-largest electric bicycle manufacturer by 2015 revenue in China. Hong Kong corporate partner Judy Lee led the transaction whilst Paul Hastings served as Hong Kong and US legal adviser and Beijing Lu Tong United Law Firm advised on PRC law. Sidley Austin provided Hong Kong and US law advice and Jingtian & Gongcheng provided PRC law advice to the sponsors and underwriters. Appleby has also acted as BVI and Cayman counsel to TEM...

AZB & Partners has advised Monjin Interviews (P) Ltd in respect of the acquisition of stake by certain individual investors as a seed fund raise in the company. Partner Chetan Nagendra led the transaction which was completed on 12 May 2016 and was valued at approximately INR20 million (US$295.4m). Drew & Napier is acting for a Temasek Holdings unit Blanca Investments in respect of a take-over bid for Eu Yan Sang, a traditional Chinese medicine (TCM) retailer. Blanca Investments is part of a consortium comprising private-equity fund Tower Capital and Eu Yan Sang’s group CEO Richard Eu, as well as certain other members of the Eu family. The consortium has made a voluntary conditional cash offer at S$0.60 (US$0.43) per share for all the issued and paid-up ordinary shares of Eu Yan Sang through a special-purpose vehicle, Righteous Crane. The offer price excludes the interim dividend of S$0.025 (US$0.018) cents per share announced on 15 May 2016 by Eu Yan Sang and values the company at about S$269 million (US$194.5m). The offer is conditional on certain Australian regulatory approvals. Righteous Crane has received irrevocable undertakings to accept the offer from shareholders controlling about 63.2 percent of the company which include several Eu family members, Aberdeen Asset Management Asia and First State Investment Management (UK). Eu Yan Sang is an integrative health and wellness company with a unique heritage in TCM. It specialises in the production, distribution and retail of TCM and wellness products and also operates a chain of TCM clinics. Listed on the Main Board of the SGX, it is recognised as one of the largest TCM groups...