Paul Hastings Advises CDH Investments on TSLs Convertible Bond
Hong Kong (April 20, 2012) - Paul Hastings, a leading global law firm, announced today that it advised CDH Investments (CDH), an international alternative asset fund manager and one of the largest private equity firms in China, as the Subscriber in Hong Kong-based Tse Sui Luen Jewellery (International) Limiteds (TSL) HK$250,000,000 Tranche 1 convertible bond issuance. This marks the first time that CDH has invested in a Hong Kong-listed company over the past few years.
The convertible bonds are due in 2017 and TSL has an option to elect to issue to CDH, and CDH has conditionally agreed to subscribe for Tranche 2 Bonds in an aggregate principal amount of up to HK$200,000,000.
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