DEALS
Zhong Lun assists OCBC Bank on the onshore-offshore linked portfolio acquisition financing granted to a well-known Canadian investment fund
Zhong Lun assists OCBC Bank on the onshore-offshore linked portfolio acquisition financing granted to a well-known Canadian investment fund
Recently, Oversea-Chinese Banking Corporation Limited (“OCBC Bank") has granted facilities equivalent to an aggregate amount of hundred millions of RMB to a well-known Canadian investment fund for its purchase of an asset portfolio consisting of three logistics parks located in Chengdu, Kunshan and Wuhan by way of offshore equity acquisition. OCBC Wing Hang Bank (China) Limited has granted fixed asset loans to the relevant onshore project companies.
OCBC Bank is the longest established Singapore bank, and it is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks. OCBC Bank has been operating without interruption in China for more than 90 years with branches and sub-branches across 14 cities in China, and provides comprehensive financial services to the customer.
Zhong Lun Law Firm acted as the PRC counsel for OCBC Bank and OCBC Wing Hang Bank (China) Limited and provided comprehensive legal services for this onshore-offshore linked loan project in real estate area. The legal team was led by Shirley Lu, the partner of Zhong Lun Shanghai Office, and the team members include Sophia Chen and Mo Chen.
