DEALS
Zhong Lun represents OCBC on an Onshore and Offshore Financing Project
Zhong Lun represents OCBC on an Onshore and Offshore Financing Project
Recently, Oversea-Chinese Banking Corporation Limited and its wholly-owned subsidiary, OCBC Wing Hang Bank (China) Limited have successfully granted onshore-offshore linked term loans in relation to a life science park located in Zhangjiang Science City of Shanghai to support the development of Zhangjiang Pharma Valley. The aggregate amount of such term loans exceeds hundreds of millions of RMB.
Zhong Lun Law Firm acted as the counsels of PRC Mainland and PRC Hong Kong for Oversea-Chinese Banking Corporation Limited and OCBC Wing Hang Bank (China) Limited and provided comprehensive legal services for this onshore-offshore linked refinancing project. The legal team was led by Shirley Lu and Alan Xu, the partner of Zhong Lun, and the main team members include Sophia Chen, Liuyan Lan, the non-equity partner and the lawyer Xueqi Li of Zhong Lun.
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. As a wholly-owned subsidiary of OCBC Bank, OCBC Wing Hang Bank (China) Limited has branches and sub-branches across 13 cities in China, and provides comprehensive financial services to the customer.
