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Clifford Chance advises China Huarong Asset Management on its RMB42 billion recapitalisation

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3 January 2022

Clifford Chance advises China Huarong Asset Management on its RMB42 billion recapitalisation

Leading international law firm Clifford Chance has advised China Huarong Asset Management Co., Ltd. on its RMB42 billion (US$6.6 billion) recapitalisation and strategic equity investment.

The strategic investment involves the issuance of 39,215,686,272 domestic shares and 1,960,784,313 H shares to a group of five state-owned Chinese investment firms, CITIC Group, China Insurance Investment Co., Ltd., China Cinda, China Life Asset Management Company Limited and ICBC Investment.

The transaction was led by China Co-Managing Partner Tim Wang, with support from partner Yufei Liao, counsel Jing Jing and compliance legal officer Xinyi Hu in Beijing, and consultants Tommy Tam and Michael Wang, and associate Anson Wong in Hong Kong. Haiwen & Partners acted as PRC law counsel.

Tim said, "We are honoured to have advised China Huarong Asset Management on this complex and high-value investment which will help strengthen the company's financial position."
 

高伟绅为中国华融资产管理股份有限公司引战募资人民币420亿元提供法律服务

国际领先律师事务所高伟绅近日为中国华融资产管理股份有限公司(以下简称“中国华融”)顺利完成人民币420亿元(约合66亿美元)的引战增资交易提供香港法律服务。

本次引战增资交易涉及向中国中信集团有限公司、中保投资有限责任公司、中国信达资产管理股份有限公司、中国人寿资产管理有限公司和工银金融资产投资有限公司等五家国有投资公司发行内资股392.16亿股和H股19.61亿股。

本交易由高伟绅中国区联席管理合伙人王彦峰牵头,北京办公室公司业务组合伙人廖宇飞提供支持,主要团队成员还包括北京办公室的经晶和胡心怡,以及香港办公室的谭诗聪、王毅和黄炜杰。海问律师事务所担任本交易的中国法律顾问。

王彦峰律师表示:"我们非常荣幸能够在本项复杂的大额引战增资交易中为中国华融提供法律服务。该交易将有助于改善中国华融的资本监管指标,助力公司后续的高质量发展。"