On February 18, 2013, Hong Kong-listed Shanghai Industrial Holdings Ltd (stock code 0363) completed the issuance of HK$3.9 billion zero coupon guaranteed convertible bonds due in 2018. Shanghai Industrial planned to use the proceedings in infrastructure capital investment and replenish operating capital.

Shanghai Industrial Holdings Ltd is the flagship company under Shanghai Industrial Investments (Holdings) Co., Ltd, which was incorporated in 1981 by the Shanghai municipal government as a window company in Hong Kong. Shanghai Industrial Holdings Ltd has evolved into a large corporation involved in many diversified industries, including real estate, infrastructure and fast moving consumer goods. Since 2006, AllBright has represented Shanghai Industrial Holdings Ltd in many real estate and infrastructure merger and acquisition cases in China.

The joint bookrunners of the bond’s issue were BofA, Merrill Lynch, Deutsche Bank and Goldman Sachs. As the only Chinese legal advisor, AllBright’s team, led by Senior Partner Julia Zhu, represented Shanghai Industrial Holdings Ltd and the joint bookrunners of the issuance.