Clifford Chance advises Gushengtang on US$110 million convertible bond issuance to an investment vehicle of Boyu Capital

Global law firm Clifford Chance has advised Gushengtang Holdings Limited on its US$110 million convertible bond issuance to an investment vehicle of Boyu Capital. The Company appointed CICC as its financial adviser in relation to the issuance. Gushengtang is a leading provider of traditional Chinese medical and health services across Mainland China and Singapore.

Gushengtang expects the above strategic investment to create synergies, which assists it to strengthen its leading position in the Greater China region and Singapore and brings unparalleled experiences and expertise in expanding its presence in Mainland China, Singapore, and other overseas markets in order to achieve profitable long term growth.

Lead partner David Tsai said, "We are pleased to have advised Gushengtang on this significant transaction, which reflects the continued role of private capital as a key driver in the resurgence of convertible bond financings in Hong Kong where investors and issuers are seeking bespoke and execution‑efficient solutions."

David led the deal and was supported by senior associates Kenneth Ip and Michael Cheng.