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Baker & McKenzie Advises Reorient Group On Its New Share Subscriptions.

5 June, 2015

 

Baker & McKenzie recently advised Reorient Group Limited, a provider of financial services businesses in Hong Kong and the US, (“Reorient“), on its share subscription agreements with Yunfeng Financial Holdings Limited (“YFHL“) and four other investors raising approximately HKD 3.9bn in fresh capital.  The net proceeds will be used by Reorient to support the development of its existing financial services businesses and for general working capital purposes.


Upon completion of the transaction, which is subject to shareholders and various regulatory approvals, approximately 56% of the enlarged share capital of Reorient will be controlled by YFHL through its indirectly controlled subsidiary Jade Passion, while 25% will be held by four other new investors and the remainder 19% will be held by current shareholders of Reorient.


The Baker & McKenzie team advising Reorient was led by Hong Kong-based partners Lawrence Lee and Christina Lee.

 

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