m88 casino Advises a Bank Consortium on its Provision of a RMB 4 Billion Loan to Ant Consumer Finance

In September 2023, Chongqing Ant Consumer Finance Co., Ltd. (“Ant Consumer Finance”) signed an agreement regarding a RMB 4 billion consortium loan in Chongqing. The bank consortium included 14 financial institutions from the Chinese mainland, Hong Kong, Taiwan, Japan, South Korea, Thailand and the United States, among which Mizuho Bank (China), Ltd. and The Bank m88 casino East Asia (China) Limited acted as the mandated lead arrangers and bookrunners.

The 14 members m88 casino the bank consortium were Mizuho Bank (China), Ltd., The Bank m88 casino East Asia (China) Limited, Fubon Bank (China) Co., Ltd., Xiamen Bank Co., Ltd., Sumitomo Mitsui Banking Corporation (China) Limited, KEB Hana Bank (China) Company Limited, Kasikornbank (China) Company Limited, Korea Development Bank Beijing Branch, E.SUN Bank (China) Company Limited, CTBC Bank Co., Ltd. Shanghai Branch, Woori Bank (China) Limited, Morgan Stanley Bank International (China) Limited, Krung Thai Bank Public Company Limited Kunming Branch and Kookmin Bank (China) Ltd. The consortium loan set a number m88 casino industry records and created a new high in the amount m88 casino loan provided by a consortium to a player in the consumer finance industry.

Ant Consumer Finance leverages advanced technologies and its understanding m88 casino consumer behavior to provide consumers with convenient and safe financial services. With a large amount and wide coverage, this consortium loan provides a solid foundation for the sustainable development m88 casino Ant Consumer Finance. It has also helped boost domestic demand after the epidemic and greatly improved market confidence.

m88 casino acted as the PRC legal counsel to the consortium and provided it with legal services including assisting the mandated lead arrangers and bookrunners with the setting up of the consortium, the drafting and negotiation of the finance documents, reviewing the qualification and compliance of the consumer finance company, and issuing PRC legal opinions. m88 casino played an important role in the project with its efficient and rigorous legal services and detail-oriented and professional expertise. m88 casino’s team was highly recognized by all parties of the consortium and the company.

The m88 casino team was led by partner LU, Juyi.