Recently, an onshore syndicate arranged by onshore branches of United Overseas Bank Limited and The Hong Kong and Shanghai Banking Corporation Limited has successfully granted RMB loans for “Florentia Village” project in Shanghai (China’s renown shopping center dedicated to top-notch brands from Italy), the loan purposes of which are the refinancing of the Phase I project and the development and construction of the Phase II project of “Florentia Village”. Meanwhile, an overseas syndicate arranged by United Overseas Bank Limited and The Hong Kong and Shanghai Banking Corporation Limited has successfully granted loans denominated in USD to the subsidiaries of an offshore fund managed by TH Real Estate for purpose of acquisition of “Florentia Village” project. This onshore-offshore linked loan project involves an aggregate amount of billions of RMB.
Zhong Lun Law Firm acted as the PRC counsel for the onshore and offshore syndicates and provided comprehensive legal services for this onshore-offshore linked loan project. The legal team was led by Shirley Lu, the partner of Zhong Lun , and the team members include Sophia Chen, Rick Cao and Mo Chen.