Ashurst plays role in China Forestry’s $168m offshore loan

China Forestry says it will use the loan for general corporate purposes

Ashurst plays role in China Forestry’s $168m offshore loan

Global firm Ashurst has played a role in Beijing-based China Forestry Group’s US$168m offshore loan.

Ashurst acted as the lead counsel to China CITIC Bank International, Mizuho Bank, Shinhan Bank, Tokyo Star Bank, Kookmin Bank, Chiyu Banking Corporation, and Tai Fund Bank on a syndicated loan facility, with a green shoe option, for China Forestry.

China Forestry is a forestry enterprise set up directly under the Chinese State Forestry Administration. It is currently the only forestry company supervised by China’s state-owned Assets Supervision and Administration Commission of the State Council. China Forestry said that the loan will be used for general corporate purposes.

The Ashurst team was led by partner Eric Tan, supported by associates Longman Hu, Eugene Ang, and Phoebe Chen.

Recent articles & video

Lane Neave expands partnership with three additions

High Court allows appeal of land valuation case that would affect the larger kiwifruit industry

Growth of alternative legal services providers is accelerating

Legal Services Commissioner announces key changes to legal aid budget

NWM promotes four to associate, three to senior solicitor

Highlight: 2022 Most Influential Lawyer has been an ‘agent of change’ for years

Most Read Articles

Three bolster PwC Legal partnership

High Court rules that legal aid administration constitutes 'legal services'

Legal Services Commissioner announces key changes to legal aid budget

Highlight: 2022 Most Influential Lawyer has been an ‘agent of change’ for years