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China – Baker & McKenzie advises Li Ning on RMB750 million Convertible Bonds to TPG and GIC.

17 February, 2012

 

 

Baker & McKenzie recently advised HKSE-listed Li Ning Company Limited (the “Company”), one of the leading sports brand enterprises in the PRC, in relation to its issue of convertible bonds in an aggregate principal amount of RMB750 million (USD119 million), which are convertible into shares in the capital of the Company.
 
Convertible bonds in the principal amount of RMB561 million (USD89 million) were issued to an affiliate of TPG Asia, Inc. (“TPG”) and convertible bonds in the principal amount of RMB189 million (USD30 million) were issued to an investment vehicle managed by a private equity investment arm of the Government of Singapore
Investment Corporation (“GIC”).
 
The Baker & McKenzie team was led by Hong Kong-based corporate partner Rossana Chu.
 
For further information, please contact:
 
Jamie Kar, Baker & McKenzie

 

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