Paul Hastings, a leading global law firm, announced today that it advised CDH Investments (“CDH”), an international alternative asset fund manager focusing on investments in private equity, venture capital, real estate, mezzanine and public equity markets with over US$8 billion of assets under management, as one of the Subscribers in Hong Kong-listed Man Wah Holdings Limited’s (“Man Wah”) HK$850 million convertible bonds issuance.
The convertible bonds are due in 2018 and HK$700 million of which will be issued to CDH with the remaining HK$150 million to be issued to another subscriber. The net proceeds of the convertible bond issue will be used by Man Wah for general corporate and business development and working capital requirements.
Paul Hastings previously advised CDH in its subscription of HK$250 million convertible bonds issued by Tse Sui Luen Jewellery (International) Limited, another Hong Kong–listed company, in 2012.
The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and partner Vivian Lam, with support from associates Fang Pei and Erika Wan.
