Linklaters acted as authorized adviser to the bookrunners in relation to the issuance by Zoomlion Heavy Industry Science and Technology Co., Ltd. (“Zoomlion”) of RMB 6bn US greenback settled H share convertible bonds. The transaction was efficiently priced and issued, and represents up to now the largest Renminbi denominated H share convertible bond providing, in addition to the first publicly launched H share convertible bonds from an A+H listed firm issued beneath particular mandate.
Zoomlion is a number one enterprise in China’s development equipment business and a consultant firm in the nation’s fashionable industrial system. The profitable issuance of those Renminbi denominated H share convertible bonds additional diversifies Zoomlion’s entry to the offshore capital markets. Upon full conversion of the bonds, Zoomlion’s H share capital base will likely be additional expanded and the liquidity of its H shares will likely be considerably enhanced, which is able to assist it make higher use of the offshore capital markets platform, strengthen its profile amongst worldwide traders and assist its international growth technique.
The Linklaters workforce was led by company accomplice John Xu and capital markets accomplice Taiki Ki, with assist from workforce members Jun Tang, Christine Liu, Yiyi Wu, Chengyi Xu and Ailuan Fang.