7 May 2021
Skadden advised Meituan, China's leading e-commerce platform for services, in its offering of approximately US$3 billion in aggregate principal amount of zero-coupon convertible bonds in two tranches, one due in 2027 and the other in 2028, and in its concurrent top-up placement of 187 million shares on the Hong Kong Stock Exchange. The shares are offered for a total placement value of HK$51.2 billion (approximately US$6.6 billion). The transactions closed on April 27, 2021. Skadden also advised Meituan on its US$4.2 billion initial public offering in Hong Kong in September 2018, and on its US$2 billion combined senior notes offerings in October 2020, also in Hong Kong.
The Skadden team was led by corporate partners Julie Gao and Edward Lam, with Counsel Anthony Pang, Asia Pacific Counsel Vincent Sze, associates Nicole Yuen, Ken Ye and Siqing Li, and international legal consultant Jasmine Yang. All attorneys are based in Hong Kong.
For further information, please contact:
Grace Lord, Marketing & Communications Specialist, Skadden
grace.lord@skadden.com
