As legal counsel for the manager, Fangda offered legal service to CMS Asset Management Co., Limited on its offering of CFLD Guan Industrial Park New-type Urbanization PPP (Public-Private Partnership) Asset-backed-securities (ABS).
The ABS program is collateralized by the heating supply usufruct enforced within the Guan Industrial Park. The heating supply usufruct entitled Guan Jiutongjiye public utility Co., Ltd., subsidiary of China Fortune Land Development Co., Ltd, to collect heating fees by providing heat to the users within the Park. With the No-Objection Letter issued on March 10th 2017, the program was approved by Shanghai Stock Exchange where the ABS will be traded for a total amount of RMB 706 million, thus, making it one of the first successfully offered ABS programs in China under the PPP model.
Peter Yuen & Associates in association with Fangda Partners represented SG Group Holdings Limited in connection with its listing and placing in Hong Kong.
Peter Yuen & Associates in association with Fangda Partners represented SG Group Holdings Limited (Stock Code: 8442) in connection with its listing and share offer of an aggregate of 8,000,000 ordinary shares, which raised approximately HK$46,000,000 in gross proceeds with an over-subscription of 379 times under the Hong Kong public offer. SG Group Holdings Limited is a womenswear and childrenswear designing and sourcing service provider for branded fashion retailers, including Monsoon Accessorize, East/East Lifestyle, Dunnes Stores, Crew Clothing, Long Tall Sally and ASOS.com. Peter Yuen & Associates in association with Fangda Partners acted as the legal advisors to the company as to Hong Kong law, Anglo Chinese Corporate Finance, Limited acted as the sole sponsor, and Anglo Chinese Securities, Limited and Dongxing Securities (Hong Kong) Limited acted as joint bookrunners and joint lead managers. The firm’s team is led by corporate partner Arnold Pang, and the team members consist of Kitty Chan, Fiona Chan, Winnie Cheng, Queendy Tong and Hilky Chau.
Fangda is representing PAG to extend tender offer to acquire Yingde Gases Group.
Fangda is representing PAGAC II-2 Limited to extend tender offer for all the issued shares of Yingde Gases Group Company Limited (Code: 02168). The group is principally engaged in production, distribution and supply of a variety of industrial gas products. PAGAC II-2 Limited is a company incorporated under the laws of the British Virgin Islands with limited liability. It is principally engaged in investment holding services and a subsidiary of the buyout fund under PAG. PAG is one of the largest Asia-based private equity firms. On the assumption that the share offer is accepted in full by the holders, the offer will be valued at approximately HK$11.27 billion.
Fangda represented Huazhu Hotels Group in its acquisition of Crystal Orange.
Fangda represented Huazhu Hotels Group Ltd., one of the China's top hotel companies, in its acquisition of 100% equity interest in Crystal Orange, a boutique hotel operator, in a transaction valued at RMB 3.65 billion.
Fangda represented China Resources in its sale of shares in Vanke to Shenzhen Metro.
Fangda represented China Resources in its sale of approximately 15.31% shares in Vanke to Shenzhen Metro at a consideration of approximately RMB37.2 billion.