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Eversheds Sutherland advises BOCI Asia Limited to act on a HK$324 million Shares Placing

  • Hong Kong


    The Hong Kong office of global law firm Eversheds Sutherland has recently advised the BOCI Asia Limited, as the sole placing agent, on a top-up placing of existing shares of China Singyes Solar Technologies Holdings Limited held by Strong Eagle Holdings Ltd. at an aggregate placing price valued HK$324 million.

    Under the Placing and Subscription Agreement, BOCI Asia agreed to place on behalf of Strong Eagle and Strong Eagle agreed to sell 32,000,000 existing Shares at a price of HK$8.10 per Share. BOCI Asia Limited was also granted an Option to require Strong Eagle to sell an additional 8,000,000 Option Shares. The Option was fully exercised. The Placing was completed on 15 November 2013.

    The Eversheds Sutherland Hong Kong Corporate Team has been appointed by BOCI Asia Limited to represent the bank on this top-up placing, that includes preparing the Placing and Subscription Agreement and advising on relevant legal issues and approaches. This transaction was led by Eversheds Sutherland Head of Corporate, Asia, Stephen Mok, assisted principally by Partner Norman Hui and Associate Kurt Lau.


    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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