15 billion RMB offshore merger and acquisition syndicated loan landing

2024-03-19

Recently, with the support and guidance of the head office of Bank of China, Bank of China Macau took the lead in organizing and completing a 15 billion yuan offshore RMB acquisition syndicate loan for Singapore's Golden Eagle Group's acquisition of Hong Kong listed company Vidal International, marking the successful landing of the largest offshore RMB acquisition syndicate in the Asia Pacific region in recent years. It is reported that this M&A project is one of the largest and most influential benchmark M&A projects in the Asia Pacific consumer market in recent years, with a total acquisition value of approximately HKD 28.3 billion. It is currently the largest equity transaction in the Chinese paper industry and may also become the largest fast-moving consumer goods M&A case in the Asia Pacific region this year. Singapore Golden Eagle Group is a globally leading diversified comprehensive industrial group and the world's largest producer of dissolved pulp. Vidal International is the leading domestic paper company in China with the largest market share. This acquisition will achieve industrial chain synergy between upstream and downstream paper industry groups, enhancing the competitiveness of the Asia Pacific paper market. At the same time, as one of the highly anticipated transactions in the consumer goods industry, the financial characteristic platform of Bank of China Macau fully utilizes its professional capabilities in high-end cross-border financing, as well as its experience advantages in leading the formation of international syndicates. It has successfully been appointed by Golden Eagle Group as the main lead bank for the acquisition of syndicated loans, and has served as the syndicate agent, document agent, and collateral agent, providing comprehensive professional financial services throughout the entire process of financing term design, syndicate coordination and organization, and derivative transactions. In the current global trade and investment downturn, the acquisition consortium has received widespread attention from the industry, achieving nearly four times oversubscription. The platform coordinates the participation of 10 large state-owned banks and joint-stock commercial banks across regions, covering cities in the Greater Bay Area such as Hong Kong, Macao, and Guangdong. (Lai Xin She)

Edit:Liangyongqing    Responsible editor:Liyi

Source:people.cn

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