Guangdong – Hong Kong Greater Bay Area Holdings Limited’s $277 Million Exchange Offer and Concurrent New Money Offering

Shearman & Sterling represented Haitong International, Guotai Junan International and Potomac Capital Limited as the dealer managers in connection with the exchange offer and as the initial purchasers. Maples advised Guangdong – Hong Kong Greater Bay Area Holdings Limited on the deal.

Guangdong – Hong Kong Greater Bay Area holdings Limited executed its exchange offer of any and all of its outstanding 14% senior notes due 2021 for 13.85% senior notes due 2023. In connection with the exchange offer, the company issued $235.72 million 13.85% senior notes due 2023.

The company also executed its concurrent new money offering of $41.5 million 13.85% senior notes due 2023.

Guangdong – Hong Kong Greater Bay Area holdings Limited, previously known as Hydoo International Holding Limited, is a new ecological industrial city service provider with a primary focus on the Greater Bay Area in China. The company has been named as one of the China Star Real Estate Developers, the China Excellent Industrial Park Operators, the China Mainland Top 10 Real Estate Company Listed in Hong Kong by Investment Value and the China Top 10 Corporations of the Industrial New Town in Comprehensive Strength by various real estate associations in 2021.

The Shearman & Sterling team was led by partner Alan Yeung (Picture; Hong Kong-Capital Markets); associate Yuanjing Chen; special associate Cathy Qian; and legal assistant Bixuan Wang (all Shanghai-Capital Markets).

The Maples team comprised of partner Juno Huang and associate Katherine Ng. 

Involved fees earner: Juno Huang – Maples and Calder; Katherine Ng – Maples and Calder; Yuanjing Chen – Shearman & Sterling; Cathy Qian – Shearman & Sterling; Alan Yeung – Shearman & Sterling;

Law Firms: Maples and Calder; Shearman & Sterling;

Clients: Guangdong – Hong Kong Greater Bay Area Holdings Limited; Guotai Junan International Holdings Ltd.; Haitong International Capital Limited; Potomac Capital; Zhongtai International Capital;