DEALS
Zhong Lun represents OCBC Bank on the onshore-offshore linked financing for InfraRed NF’s acquisition of Shanghai Jindu Tower
Zhong Lun represents OCBC Bank on the onshore-offshore linked financing for InfraRed NF’s acquisition of Shanghai Jindu Tower
Recently, Oversea-Chinese Banking Corporation Limited, by way of granting onshore-offshore linked loans, has assisted InfraRed NF, a well-known Asian real estate investment fund, for its purchase of equity interests in an onshore project company which had gone through a reorganization proceeding. The onshore project company owns Shanghai Jindu Tower, which is worth more than USD110 million. The project company will use the onshore loan proceeds granted by OCBC Wing Hang Bank (China) Limited to renovate and upgrade Shanghai Jindu Tower located in former French concession into a commercial complex with creative office and retail space.
Zhong Lun Law Firm acted as the PRC counsel for Oversea-Chinese Banking Corporation 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 included Joy Gao, the non-equity partner of Zhong Lun Shanghai Office, etc.
