For media enquiries, please contact firstname.lastname@example.org
Conyers advised Bright North Limited, a BVI incorporated wholly owned subsidiary of Tsinlien Group Company Limited (“Tsinlien”) in relation to the issue by Bright North Limited, of an aggregate principal amount of RMB1.638 billion of US$-settled 1.25% guaranteed exchangeable bonds due 2016.
The bonds are exchangeable into ordinary shares of Tianjin Development Holdings Limited (“Tianjin”) and guaranteed by Tsinlien, the majority shareholder of Tianjin. The Bonds are traded on the Singapore Securities Trading.
Anna Chong, associate in Conyers’ Hong Kong office, advised Bright North Limited, alongside Mayer Brown JSM. Linklaters acted for JP Morgan Securities Ltd, lead manager.
Tianjin is a HKSE-listed overseas listed vehicle and window company of the Tianjin Government. Tsinlien is a Tianjin municipal government-owned holding company.