DLA Piper has advised China Huarong Macau (HK) Investment Holdings Limited (Huarong Macau) on its HK$390 million investment in Hong Kong listed company Carnival Group International Holdings Limited (Stock Code 996) (Carnival) in the form of convertible bonds. The secured convertible bonds are due in 2020.

Carnival operates as a developer of integrated tourism, hospitality, and retail projects in China and Hong Kong.

Huarong Macau is a member of the Huarong financial conglomerate, which provides securities brokerage, investment banking, futures and asset management, and other financial services.

The DLA team was led by Finance and Projects partner Paul Lee and Corporate partner Gloria Liu, with assistance from of counsels Sue Yang and Christina Loh, associates Alvin Wong, Fion Law and Michael Ho, and legal assistant Jane Yee.