Mobvista’s US$30 Million Convertible Bonds Offer

Ashurst acted for Mobvista Inc. (Mobvista, HKEx: 1860) on the deal.

The transaction is the first convertible bonds issued by Mobvista and a strategic milestone for the Company representing a significant expansion of its financing structure and investor portfolio. Ashurst advised Mobvista on multiple perspectives of the transaction, including commercial deal structure, the debt and equity capital elements, HKEx listing rules’ implications, listed companies’ disclosure requirements and listing approval of the conversion shares, demonstrating the firm’s ability to provide integrated services across practices in an efficient matter. Ashurst has also advised on Mobvista’s global offering and HK$1.28 billion listing on the Hong Kong Stock Exchange in 2018.

PAG is a diversified private investment firm which manages US$40 billion in assets for institutional investors around the world. PAG focuses on investing in Asia and has extensive experience investing in the region’s capital markets. Upon the exercise of the conversion rights by PAG, this transaction will diversify Mobvista’s shareholders portfolio.

The Ashurst team was led by partners Frank Bi (Picture) and Jini Lee, supported by Albert Li, Christy Li, Victoria Yeh and Joanne Tsoi.

Involved fees earner: Frank Bi – Ashurst; Jini Lee – Ashurst; Albert Li – Ashurst; Christy Li – Ashurst; Victoria Yeh – Ashurst;

Law Firms: Ashurst;

Clients: Mobvista;


Author: Michael Patrini