Baring Private Equity Asia’s HK$361 Million Investment Into China Water Affairs Group Limited


Slaughter and May advised Baring Private Equity Asia on this deal.

Baring subscribed HK$361 million zero coupon perpetual convertible bonds issued by China Water Affairs Group Limited. The consideration for the subscription shall be satisfied by the issuance by BPEA of bonds exchangeable into shares in Kangda International Environmental Company Limited.

Both China Water Affairs and Kangda are listed on the Hong Kong Stock Exchange.

The transaction constituted a discloseable transaction for China Water Affairs under Chapter 14 of the Hong Kong Listing Rules and was announced on 1 April 2020.

Slaughter and May’s team included Clara Choi (Picture), Cynthia Ng (associate), Vincent Chan (associate).

Involved fees earner: Vincent Chan – Slaughter and May; Clara Choi – Slaughter and May; Cynthia Ng – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Baring Private Equity Asia;

Author: Michael Patrini