Finance Monthly Deal Maker Awards 2016 Edition

FINANCE MONTHLY DEAL MAKER AWARDS 2016 www.finance-monthly.com 60 Sun Hung Kai & Co. (BVI) Limited’s issuance of notes in Hong Kong Chosen for his involvement in the following transaction: ABOUT MICHAEL YI CHEN Mr. Chen is currently acting as the partner of Zhong Lun Law Firm Shanghai Office. With more than fifteen years of post-qualification experience, Mr. Chen has extensive knowledge in real estate acquisition, capital market, foreign direct investment, corporate financing, merger and acquisition. He has been involved in dozens of real estate and tourism business related investment, merger and acquisition, financing and offshore debt issuance projects on which he not only represented the international investors like Morgan Stanley, Credit Suisse, Citi Group, JP Morgan, RBS, Temasek and CPPIB, but also acted for Chinese private and stated-owned clients such as Forte Land, Longfor, SOHO and Agile. Deals Mr. Chen has successfully closed includes acquisition of Garden Plaza by Forte Land from Goldman Sachs, acquisition by JP Morgan on a Dalian Property, sale of landmark building in Tianjin by Forte Land, acquisition of multiple projects by Junfa Properties, strategic investment into a local warehousing developer by Warburg Pincus, strategic investment into a local warehousing developer by CPPIB, multiple issuance of USD and RMB Bond by China Resources Power, multiple issuance of RMB bond by China Power Holdings, multiple issuance of RMB bond by SOHO, issuance of USD bond by Longfor. Mr. Chen is also actively involved in the pre-IPO and IPO market. He is in close contact with Haitong Securities, Guotai Junan Securities, Guosen Securities, Sinolink Securities and China Securities, with whom multiple pre-IPO and IPO projects are undergone. FIRM PROFILE Founded in 1993, Zhong Lun Law Firm was one of the first private law partnerships to receive approval from the Ministry of Justice. After years of rapid development and steady growth, today Zhong Lun is one of the largest full service law firms in China. With over 240 partners and over 1200 professionals working in fourteen offices in Beijing, Shanghai, Shenzhen, Guangzhou, Wuhan, Chengdu, Chongqing, Qingdao, Tokyo, Hong Kong, London, New York, Los Angeles and San Francisco, Zhong Lun is capable of providing clients with high-quality legal services in more than 20 countries across a wide range of industries and sectors through their specialized expertise and close teamwork. Michael Chen, Partner, Zhong Lun Law Firm Address: Level 10&11, Two IFC, No.8 Century Avenue, Pudong New Area, Shanghai 200120, PRC Tel: +86 21 60613553 | Email: michaelchen@zhonglun.com Web: www.zhonglun.com/Content/2016/10-14/1645122971.html CONTACT Zhong Lun Law Fi rm MICHAEL YI CHEN WINNER: TRANSACTION REPORT Please summarise the transaction In May 2016, Sun Hung Kai & Co. (BVI) Limited announced issuance of US$361.6 million 4.75% notes guaranteed by Sun Hung Kai & Co. Limited in Hong Kong, which includes new notes in an aggregate principal amount of US$121.6 million to be exchanged with outstanding notes due in 2017, and additional notes in an aggregate principal amount of US$240 million under the existing US$2 billion guaranteed medium term note programme. UBS, AMTD, J.P. Morgan and Standard Chartered Bank acted as the Joint Dealer Managers and Joint Bookrunners, and China Everbright Securities and SHK Financial as the Co-Managers. What was your role within the transaction? Zhong Lun Law Firm was the only PRC law firm involved in the notes issuance and acted as the PRC counsel of the Dealer Managers and Bookrunners. I was the partner of our team who is in charge of the case. What were the challenges or difficulties presented? There is an exchange offer (exchange of the US$ 350 million 6.375% notes issued in 2012 into a new US$ Reg. S bond) element in the transaction and the PRC legal due diligence covers 34 entities, both of which should be finished in one month. How were the challenges or difficulties overcome? We worked closely with the Dealer Managers and Bookrunners under the tight schedule, by setting specific staged goals to measure progress. To achieve the strategic plan, we communicated openly with all other advisors’ team and positively engage their talents across the process to well support the commercial goals. What are your thoughts and predictions for 2016 and beyond? Notwithstanding the slow-down of China’s economic grow in 2016, certain industries, particularly hi-tech and service sectors are performing well. The Chinese government has accelerated the pace of financial market liberation which will help to strengthen global confidence on the RMB as an effective reserve currency. Q Q Q Q Q