Slaughter and May, Hong Kong advised Shanghai Zendai Property Limited – RMB632 million loan facility funded by loan participation notes08 Jun 2017
Slaughter and May, Hong Kong, advised Shanghai Zendai Property Limited (Zendai) on a RMB632 million loan facility of its subsidiary Richtex Holdings Limited which is guaranteed by China Orient Asset Management (International) Holding Limited (COAMI). The facility was entered into on 8 June 2017. The lender, a Cayman Islands special purpose vehicle, will fund the facility by issuing loan participation notes listed on the Singapore Exchange Securities Trading Limited.
Zendai is listed on the Main Board of the Hong Kong Stock Exchange. Its group is principally engaged in the development of commercial and residential properties for sale and ownership, investment and operation of hotel business, leasing, management and agency of commercial and residential properties in the PRC.
COAMI is wholly-owned by China Orient Asset Management Co., Ltd., one of the four asset management companies established with approval from the State Council of the PRC and the People’s Bank of China in 1999.
Corporate: Charlton Tse (partner), Justin Chan (associate)
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