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February 2018 Events

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FORTIS LAW CHINESE NEW YEAR LUNCH
Fortis Law Corporation welcomed the 2018 Lunar New Year with a sumptuous lunch at Yan Palace Restaurant. The event brought together colleagues from Fortis Academy, FortisWills, & FortisCare, highlighted by the tossing of the prosperity salad (Lou-Hei Yu Sheng).

To view the pictures for the event, click here.

 

DEAL ANNOUNCEMENT:
Hong Sun Development Group Limited

Fortis Law Corporation’s corporate team acted for Hong Sun Development Group Limited in the disposal of its 15% interest in a company incorporated in the People’s Republic of China (the “PRC Company”).

The PRC Company in turn holds the entire interest of a commercial building in Chongqing to a purchaser which is a sponsor of a real estate investment trust.

The consideration payable to Hong Sun Development Group Limited for the disposal was RMB190 million, part of which may be satisfied by way of issuance of units in the real estate investment trust.

The team from Fortis Law Corporation in this transaction is led by Soh Chun Bin and Eunice Yao.

 

DEAL ANNOUNCEMENT:
Haitong International Securities (Singapore) Pte. Ltd.
Fortis Law Corporation’s corporate team acted for Haitong International Securities (Singapore) Pte. Ltd. in relation to:
i) the issuance of USD30,000,000 Class A Senior Secured Fixed Rate Notes; and
ii) the issuance of USD10,000,000 Class B Subordinated Secured Fixed Rate Notes

(collectively the “Notes”) by a British Virgin Islands incorporated Notes issuer.

Pursuant to certain financing arrangements, the Notes were guaranteed by inter alia deeds of guarantee, securities purchase agreement and notes purchase agreements (relating to units in a real estate investment trust listed on the Singapore Exchange Securities Trading Limited).

The team from Fortis Law Corporation in this transaction is led by Soh Chun Bin and Eunice Yao.