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.