Howse Williams Bowers ("HWB"), a leading Hong Kong independent law firm, advised CMBC Capital Finance Limited ("CMBCCF"), a direct wholly-owned subsidiary of CMBC Capital Holdings Limited (Stock Code: 1141) ("CMBC"), as lender in a term loan facility ("New Facility") to refinance an existing acquisition financing also granted by CMBCCF to China New Higher Education Group Limited (Stock Code: 2001) ("CNHEG"). Pursuant to the New Facility, CMBCCF has agreed to make available a term loan facility in the aggregate amount of HK$150,000,000 to CNHEG.
CMBC and its subsidiaries including CMBCCF are principally engaged in securities business, investment and financing, asset management and advisory business. CNHEG is a leading private formal higher education group in China and is principally engaged in higher education in a wide selection of fields in applied sciences.
The HWB team was led by partner, Antony Yung and assisted by associate, Sonya Mahbubani and trainee solicitor, Elizabeth Pong. The team had the lead responsibility on legal documentation, advising on corporate and legal issues and undertaking general transaction management. The team also advised CMBCCF on the original acquisition financing.
Howse Williams Bowers is an independent law firm which combines the in-depth experience of its lawyers with a forward thinking approach.
Our key practice areas are corporate/commercial and corporate finance; commercial and maritime dispute resolution; clinical negligence and healthcare; insurance, personal injury and professional indemnity insurance; employment; family and matrimonial; property and building management; intellectual property; banking; fraud; financial services/corporate regulatory and compliance.
As an independent law firm we are able to minimise legal and commercial conflicts of interest and act for clients in every industry sector. The partners have spent the majority of their careers in Hong Kong and have a detailed understanding of international business and business in Asia.
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