Appleby Advised China Orient on HK$560m
Loan Facility and Subscription of Convertible Bonds
Appleby acted as Bermuda and BVI counsels to China Orient Asset Management (International) Holding Limited (COAMI) in relation to a HK$560 million term loan facility granted by Ample Mark Enterprises Ltd.
A wholly-owned subsidiary of COAMI, to Skyfame Realty (Holdings) Limited (Skyfame). Ample Mark also agreed to subscribe and pay for the Convertible Bonds issued by Skyfame in an aggregate principal amount of HK$40 million.
The Appleby team was led by Frances Woo, Group Chairman and Hong Kong office Managing Partner, and Associate Vincent Chan, in Appleby’s Hong Kong office. Morrison & Foerster and Sidley Austin advised COAMI and Skyfame respectively on Hong Kong laws.