Baker McKenzie is advising Coolpad Group Limited ("Coolpad Group") on its proposed issuance of new shares and unlisted warrants to a group of investors, raising potentially up to HKD 1.45 billion.
The proceeds from the sale will be used for the expansion of Coolpad Group's mobile business in China and for general working capital, according to the Company’s announcement.
Coolpad Group principally engages in the production and sale of mobile phones and accessories, and the provision of wireless application services.
The Baker McKenzie team was led by Partner Lawrence Lee, with support from Gerry Wong, Special Counsel Brian Wong and Associates Stephanie Mak and Leslie Tsoi.
Commenting on the deal, Lawrence Lee, said: "We are very pleased to have the opportunity to support our long-standing client in another strategically important transaction."
"This round of fundraising will provide our client with new capital to fund its development. We are honored to be able to play a part in our client's growth story, and look forward to continue supporting their legal needs going forward."
Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fundraising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insights on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues and court applications. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration and block trades.