Shearman & Sterling represented Zhongtai International Securities Limited, AMTD Global Markets Limited, Admiralty Harbour Capital Limited and ABCI Capital Limited as initial purchasers in connection with Meilun (BVI) Limited’s offering of $163 million 9% senior notes due 2022, unconditionally and irrevocably guaranteed by Shandong Chenming Paper Holdings Ltd.
Shandong Chenming Paper Holdings Ltd. is the largest papermaking enterprise in China principally engaged in paper making and finance lease businesses. The company manufactures and sells a range of paper products, including duplex press paper, copperplate paper, white paper boards, electrostatic paper, anti-sticking base paper, newsprint, tissue paper, lightweight coated paper, writing paper and other machine-made paper. The company is also involved in the provision of electricity and steam, construction materials and chemicals for paper making, as well as the operation of hotels.
The team was led by partner Alan Yeung (Hong Kong-Capital Markets); associate Yuanjing Chen and international specialist Yiming Chen (both Shanghai-Capital Markets); and legal assistants Cathy Qian (Shanghai-Capital Markets) and Danxu Wang (Beijing-Capital Markets).
NOTES TO EDITORS:
About Shearman & Sterling:
With more than 850 lawyers in 23 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 80 countries and speak more than 60 languages.