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China Conch Venture Holdings Limited and China Conch Venture Holdings International Limited Complete Offering of HK$3,925 Million (US$500 million) Zero Coupon Guaranteed Convertible Bonds

09.05.18

The Firm recently represented China Conch Venture Holdings International Limited, a company incorporated in the British Virgin Islands (the “Issuer”), and its parent, China Conch Venture Holdings Limited, a company incorporated in the Cayman Islands and the common shares of which are listed on the Hong Kong Stock Exchange (the “Parent”), in connection with the offering and sale of HK$3,925 million (US$500 million) aggregate principal amount of Zero Coupon Guaranteed Convertible Bonds due 2023 of the Issuer (the “Bonds”). The Bonds are unconditionally guaranteed by the Parent. The offering was conducted in reliance upon Regulation S under the Securities Act of 1933, as amended. The Bonds will be listed and quoted on the Frankfurt Stock Exchange. The Parent is an investment holding company and a large integrated provider of energy preservation and environmental protection solutions. The Parent indirectly holds equity interests in two leading building materials producers in China, namely Conch Cement and Conch Profiles, both of which are listed companies. The lead managers for this offering are Credit Suisse and J.P. Morgan.

The Simpson Thacher team for the transaction included Chris Lin, Howie Farn and Cherrie Zhang (Corporate).