Springland has been listed on the Main Board of the Stock Exchange of Hong Kong since 2010 and is principally engaged in the operation of department stores and supermarkets in Mainland China.

The loan will be used for general operations and for the proposed HKD 4.5 billion privatisation of a Cayman company, Springland International Holdings Limited (Springland), by Octopus (China) Holdings Limited, by way of scheme of arrangement under Section 86 of the Companies Law of the Cayman Islands.

The team advised DBS on the debt and security structure from a BVI and Cayman Islands law perspective and assisted them throughout the transaction as offshore counsel. The transaction was led by Partner Fiona Chan, who was supported by Associate Karina Li.

Fiona Chan commented: “We are delighted to have advised DBS on this high-profile transaction which further cements the Appleby Hong Kong team’s reputation as specialists in banking and financing transactions.”

Appleby’s Banking & Financial Services specialists advise banks and financial institutions, ship and aircraft owners, lessors and lessees, and joint venture and project developers. Appleby’s team has an extensive range of expertise and provide comprehensive, practical and commercially minded legal advice on all matters related to banking, international real estate, asset, project and other financing matters.

Share
Twitter LinkedIn Email Save as PDF
More Deals
5 Feb 2021 | Deals

Appleby acts as BVI counsel to Pacific Aegis Capital Management on its HKD330 million structured loan financing

Appleby acts as BVI counsel to Pacific Aegis Capital Management on its HKD330 million structured loa...

20 Jan 2021 | Deals

Appleby advises Zonbong Landscape Environmental Limited on its HKD137.5 million listing on the main board of the Hong Kong Stock Exchange

Appleby advises Zonbong Landscape Environmental Limited on its HKD137.5 million listing on the main ...

6 Jan 2021 | Deals

Appleby acts as Cayman counsel to Datang Group Holdings Limited on its HKD1.48 billion listing on the Main Board of the Hong Kong Stock Exchange

Appleby’s Hong Kong office acted as Cayman Islands counsel to Datang Group Holdings Limited.

Contributors: Chris Cheng, Kaile Yang
8 Dec 2020 | Deals

Appleby advises Yue Kan Holding limited on its HKD125.1 million listing on the Main Board of the Hong Kong Stock Exchange

Appleby advises Yue Kan Holding limited on its HKD125.1 million listing on the Main Board of the Hon...

Contributors: Connie Wu
30 Nov 2020 | Deals

Appleby advises Transtech Optelecom Science Holdings Limited on its transfer of listing from GEM to the Main Board of the Hong Kong Stock Exchange

Appleby advises Transtech Optelecom Science Holdings Limited on its transfer of listing from GEM to ...

Contributors: Paul Cheuk, Minnie Choi
26 May 2020 | Deals

Appleby advises on the secondary listing of AMTD International in Singapore

Appleby acted as Cayman Islands counsel for AMTD International Inc. (“AMTD International”) in re...

Contributors: Paul Cheuk
14 Apr 2020 | Deals

Appleby advises GLP’S strategic investment partnership with China Merchants Group

Appleby acted as Cayman Islands and BVI counsel to GLP in relation to its establishment of a strateg...