Paul Hastings Advises China Rongsheng on Convertible Bond Offering

August 08, 2013

Hong Kong (August 8, 2013) - Paul Hastings, a leading global law firm, announced today that it represented China Rongsheng Heavy Industries Group Holdings Limited (“China Rongsheng”), a leading Hong Kong-listed heavy industries group in the PRC with a focus on shipbuilding, offshore engineering, marine engine building and engineering machinery, in its issuance of HK$1.4 billion (US$180 million) 7% guaranteed convertible bonds due 2016.

China Rongsheng is a long-standing client of Paul Hastings. In 2011, Paul Hastings advised China Rongsheng on securing a US$220 million syndicated loan from a consortium of banks led by Crédit Agricole Corporate and Investment Bank and guaranteed by the Import-Export Bank of China. It marked the first time that China Rongsheng raised loan financing from overseas. In 2010, Paul Hastings’ capital markets team advised China Rongsheng on its US$1.8 billion Hong Kong IPO and global offering on the Main Board of the Hong Kong Stock Exchange. The transaction marked one of the largest Hong Kong IPOs in 2010 and the largest by a privately-owned PRC enterprise.

The Paul Hastings team was led by

, partner and Chair of Greater China, and partner , with support from associates , and .

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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