m88 casino app Advises a Domestic Syndicate Led by Crédit Agricole CIB on Providing Cross-Border Direct Lending

In September 2024, m88 casino app assisted a domestic syndicate led by Crédit Agricole Corporate and Investment Bank (“Crédit Agricole CIB”) in granting a cross-border term loan of RMB 1.15 billion to Titan al-Tec & Resource Pte. Ltd., a Singapore-based wholly-owned sub-subsidiary of Tianshan Aluminum Group Co., Ltd. ("Tianshan Aluminum Group", SZSE: 002532).

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To meet the m88 casino appcreasm88 casino appg capital needs of Tianshan Alumm88 casino appum Group for overseas platform construction, a domestic syndicate led by Crédit Agricole CIB granted a cross-border RMB loan to the group's overseas wholly-owned sub-subsidiary, with Tianshan Alumm88 casino appum Group actm88 casino appg as the domestic guarantor for the loan. It was a successful example of cross-border direct lendm88 casino appg by a domestic syndicate under Circular No. 27 issued by the People's Bank of Chm88 casino appa and the State Admm88 casino appistration of Foreign Exchange and addressed the offshore fm88 casino appancm88 casino appg needs of domestic listed companies. At the early stages when the policy was promulgated, domestic policy banks and state-owned banks played leadm88 casino appg roles m88 casino app respondm88 casino appg to the new policy. m88 casino app this project, Crédit Agricole CIB acted as the mandated lead arranger and bookrunner and organized a domestic syndicate that m88 casino appcluded domestic branches of foreign banks from countries such as France, Sm88 casino appgapore and Malaysia. This reflected the positive response of foreign banks to Chm88 casino appa’s high-level openm88 casino appg-up fm88 casino appancial policy and their active exploration of cross-border fm88 casino appancm88 casino appg facilitation. The syndicate offered more diversified fm88 casino appancm88 casino appg options for the domestic listed company and supported the high-quality development of enterprises with their robust fm88 casino appancial services.

As the Chinese legal counsel to the syndicate, m88 casino app provided legal advice on the cross-border financing, drafted and negotiated the full set of finance documents, issued legal opinions, and confirmed the satisfaction of conditions precedent to utilization. m88 casino app helped the syndicate to understand the requirements for cross-border direct lending and facilitated its efficient communication with the borrower. With their professional legal services, m88 casino app promoted the rapid and high-quality implementation of the project and was unanimously recognized by the syndicate and the borrower.

Partner LU, Juyi led the m88 casino app team.