Chinasoft International’s $101 million Convertible Notes Issuance to Dan Capital


Shearman & Sterling advised Hong Kong-listed Chinasoft International Limited on its issuance of HK$900 million 3.0% convertible notes due 2022 to Dan Capital, a major investment fund.

Chinasoft International is a large-scale integrated software and information technology company in China. It is a provider of end-to-end software and information services, ranging from consulting, providing solution, outsourcing to talent training. Its businesses cover various industries such as government, manufacturing, finance, telecommunication, high technologies, transportation and energy etc.

Dan Capital manages funds denominated in both Renminbi and US dollars and focuses its investments in the fields of TMT, consumption enhancement and intelligent manufacturing. Mr. Chen Yidan, one of the five founders of Tencent Holdings Limited, is the substantial shareholder and founding investor of Dan Capital.

The Shearman & Sterling team was led by partner Stephanie Tang (Hong Kong-Mergers & Acquisitions), with support from counsel Vanessa Poon (Hong Kong-Capital Markets), associates Kuinan Wei (Beijing-Mergers & Acquisitions) and Wanda Woo and trainee solicitor Karen Chan (both Hong Kong-Capital Markets).

Involved fees earner: Stephanie Tang – Shearman & Sterling; Vanessa Poon – Shearman & Sterling; Kuinan Wei – Shearman & Sterling; Wanda Woo – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: ChinaSoft International Limited ;

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Author: Michael Patrini