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Jae Lemin, Partner

Jae Lemin

Partner

Languages

English

Practice areas

  • Banking and finance
  • Energy and infrastructure

Practice notes

Jae is a partner based in Hong Kong. Jae advises developers and funders on a wide range of acquisitions, projects and financings and he has extensive experience leading multi-jurisdictional transactions. Jae has particular industry experience in the energy and infrastructure, sectors, including renewable energy.

Jae is qualified as a solicitor in England and Wales, Hong Kong, the State of Victoria, Australia and New Zealand. He holds a Bachelor of Laws (First Class Honours) and a Bachelor of Commerce from Victoria University in New Zealand. Jae has spent periods on secondment in NAB’s Global Treasury Department in Melbourne and Standard Chartered’s Wholesale Banking Group in Hong Kong.

Jae’s recent banking experience includes advising:

  • Kuala Lumpur Kepong Berhad, a Malaysian listed company, on the GBP400,000,000 financing of its proposed acquisition of M.P. Evans PLC, a company listed on the London Stock Exchange’s AIM, and which owns palm-oil plantations in Indonesia and property developments in Malaysia.
  • Cheung Kong Infrastructure, on the GBP630,000,000 financing from HSBC of its bid for the London City Airport.
  • Chong Hing Bank, on the HK$520 million secured financing of Star Success International’s acquisition of the Yuen Long Industrial Centre in Hong Kong.
  • Standard Chartered Bank, on the CNY100 million and US$6,100,000 onshore/offshore secured financing of a workshop and two warehouses under construction in Kunshan City in the Jiangsu Province, PRC.
  • Standard Chartered Bank, on the CNY100 million onshore/offshore secured financing of warehouses in the Gedian Economic and Development Zone in Hubei Province, PRC.
  • Standard Chartered Bank, on a A$40,000,000 credit facility and standby letter of credit with Ultima Bloom Opportunity II Limited, a subsidiary of PAG Enhanced Credit Fund, for funding the construction costs of properties in Sydney, Australia.
  • Standard Chartered Bank, on a US$145 million credit facility to Fung Holdings, in connection with its acquisition from Li & Fung of all the shares in LF Pegasus Limited.

Jae’s recent renewable energy experience includes advising:

  • GuarantCo and Standard Chartered Bank, on the US$12 million and BDT280 million financing of the 28 MW Technaf Solartech solar project in Cox’s Bazar, Bangladesh. The project is the first utility-scale, grid-connected solar project in Bangladesh. The international financing was supported by BDT2984 million in loan facilities from the following Bangladesh banks: One Bank, Saudi Bangladesh Industrial & Agricultural Investment Company and Shahjalal Islamic Bank. The transaction was awarded “Best Bangladesh Deal” at the FinanceAsia Achievement Awards 2018 and “Solar Power Project of the Year – Bangladesh” at the Asian Power Awards 2018.
  • CGN New Energy, on its BRL4 billion (US$1.07 billion) acquisition from Actis Brasil of all the common shares in Atlantic Energias Renovaveis, which owns over 600 MW of operating onshore wind projects in the States of Piaui, Rio Grande do Norte, Bahia and Rio Grande do Sul in Brazil.
  • The transaction was shortlisted for “M&A Deal of the Year: North Asia” at the Asia Legal Awards 2019.
  • CGN New Energy, on its BRL2.9 billion (US$755 million) acquisition from Enel Green Power Brazil of all the common shares in Enel Green Power’s operating subsidiaries in Brazil, which own the Nova Olinda solar parks in Bahia (450 MW in aggregate) and the Cristalândia wind farm in Bahia (90 MW).
  • Deutsche Asset Management (Asia) Limited (DWS) and the China Renewable Energy Fund (CREF), on a [RMB30 million] acquisition from Fenghua Energy Investment Group of 75% of the equity interests in Huangmei County Zhaoyunzhai Wing Power Development Co. Limited, which owns a 38 MW operating wind project in Huangmei County in the Hubei Province, PRC.
  • Deutsche Asset Management (Asia) Limited (DWS) and the China Renewable Energy Fund (CREF), on a [RMB 135 million] acquisition from Yongzhou Jiepai Century Concord Wind Power Co. Ltd. of 75% of the equity interests in Daoxian Century Concord Wind Power Co. Ltd., which owns a 48 MW operating wind farm in Shenzhangtang County and a 48 MW operating wind farm in Jintang County, in each case in the Hunan Province, PRC.
  • Energy Development Corporation, on the US$320 million financing of a 150 MW wind power project in Burgos, Ilocos Norte, the Philippines. The project was supported by Eksport Kredit Fonden, the Danish export credit agency, and is the first wind project in the Philippines to qualify for that country's FiT scheme.
  • The transaction was awarded "Asia-Pacific Renewables Deal Of The Year 2014" by Project Finance International, "Asia Wind Deal Of The Year" by IJ Global, "Best ECA Backed Green Deal" by Trade & Export Finance, "GTR Best Deal of 2014" by Global Trade Review and "Asia Pacific Deal of the Year" by Trade Finance Magazine.
  • A commercial bank, on the US$1.4 billion financing of AES’s 1 GW coal-fired Mong Duong 2 power project in Vietnam. The project was supported by K-EXIM and K-SURE.