Our dedicated China Desk team consists of lawyers, drawn from our various practice groups, with experience and knowledge to provide our clients with sound solutions and to cater to their needs. Over the years, our lawyers have assisted a wide range of clients from listed companies (including GLCs) to private investors on investment projects, land matters and cross-border transactions.
China Desk Experience
A brief description of some of the transactions that we have been involved in are as follows:
Our firm advised on a joint venture between a local company, Ocean Gold Property Development Sdn Bhd and a China developer, China Vanke Co., Ltd., for the sale and purchase of 16 pieces of prime land, strategically located within the Golden Triangle of Kuala Lumpur, for a purchase consideration of approximately RM500 million.
Our debt capital markets team has acted as Malaysian counsel to CLSA Limited, The Hongkong and Shanghai Banking Corporation Limited and The Bank of New York Mellon, London Branch in respect of the issuance and sale of senior notes by a company which specialises in high-end oilfield equipment and integrated oil services for petroleum and natural gas development, and listed on the Stock Exchange of Hong Kong.
Our firm has advised China Construction Bank (Asia) Corporation Limited on the listing of the world’s first 21st Century Maritime Silk Road bond of Renminbi 1 billion on Bursa Securities Malaysia Berhad (“Bursa Securities”). The bonds were issued to support China’s The Land and Maritime Silk Road initiative.
Our equity capital markets team has advised Ranhill Utilities Berhad (“Ranhill”) on a due diligence review of its wastewater business in China in connection with the initial public offering and listing of Ranhill’s shares on Bursa Securities, and has acted as Malaysian counsel to Bitmain Technologies Ltd., the world’s biggest producer of digital currency mining servers and headquartered in Beijing, on the proposed initial public offering and admission of its shares to the Stock Exchange of Hong Kong.
Banking & Finance
Our firm has acted as Malaysian counsel to The Export-Import Bank of China for a loan granted to (a) a metallurgical company in the steel industry in Malaysia to finance the operations of its steel producing project, and (b) a leading transport operator in Malaysia to finance a railway link infrastructure project in Malaysia, and has acted as Malaysian counsel to the arranger and lender of a Sinosure-covered buyer credit facility to finance the development, operation and maintenance of a manufacturing plant in Malaysia undertaken by a Chinese-controlled Malaysian entity.
Sukuk & Islamic Finance
Our firm has advised AmInvestment Bank Berhad and Standard Chartered Saadiq Berhad in relation to an Islamic securities programme established by Noble Group Limited, a foreign issuer from Hong Kong, based on the Islamic principle of Commodity Murabahah.
Energy, Infrastructure & Construction
Our firm has advised a Malaysian client on its EPCC with 2 separate Chinese contractors, namely, CMEC and Sinopec, in respect of a 120mw power plant located in Mauritius, including conducting negotiations in Beijing, Shanghai, Hong Kong, Mauritius and Kuala Lumpur.
Corporate & Commercial
Our firm has acted for the foreign energy providers headquartered in France and China on the structuring aspects in relation to the foreign equity restrictions imposed in the third Large Scale Solar tender exercise announced in 2019, and proposing various structuring options in view of the request for proposal requirements, and advised a leading online music entertainment platform in China on its proposed investment in a music production company in Malaysia.
Our firm has advised a Chinese state-funded export credit insurer (and its external counsel) on Malaysian laws and State policies in connection with Malaysian property development including (a) Malaysian land laws, (b) laws in respect of property/housing development in Malaysia and insurance to be taken out in connection with the property development, (c) laws in respect of borrowings from local or foreign lenders and the security to be provided to secure the borrowing, and (d) environmental laws for the incorporation of photovoltaic cell and module manufacturing production in Malaysia.