Slaughter and May advised Baring Private Equity Asia on its investment into China Water Affairs

Slaughter and May advised Baring Private Equity Asia (BPEA) in relation to its subscription of HK$361 million zero coupon perpetual convertible bonds issued by China Water Affairs Group Limited. The consideration for the subscription shall be satisfied by the issuance by BPEA of bonds exchangeable into shares in Kangda International Environmental Company Limited.

Both China Water Affairs and Kangda are listed on the Hong Kong Stock Exchange.

The transaction constituted a discloseable transaction for China Water Affairs under Chapter 14 of the Hong Kong Listing Rules and was announced on 1 April 2020.

Clara Choi Partner
Cynthia Ng Associate
Vincent Chan Associate