The Export-Import Bank of China, Agricultural Bank of China, China Construction Bank, Industrial Bank and Bank of Beijing formed a syndicate in April 2019, and provided a syndicated loan of about RMB 8 billion for a large Chinese enterprise to acquire a European chip maker via its subsidiaries at home and abroad. Beijing Branch of Export-Import Bank of China served as the leading bank, loan agent bank and security agent bank respectively for the syndicated loan, for which DeHeng provided whole-process legal services.
The syndicated loan involved a large number of market players in many countries and regions, including mainland China, Hong Kong, Luxembourg and France. The transaction structure was also complicated. As the Chinese legal advisor and lead legal service provider of the syndicate, the DeHeng team, led by partner Ma Kai and with primary support from Tian Yue, Xie Simeng and Huang Meiling, coordinated with many other law firms in Hong Kong, Luxembourg and France, worked closely with stakeholders, overcame all sorts of multi-jurisdictional and cultural barriers in a very tight schedule, assisted in the formation of the syndicate and the granting of the loan, and provided professional, high-quality and efficient services for the syndicate.