DLA Piper has advised Huarong Investment Stock Corporation Limited (Stock Code 2277) on its HK$437 million investment in Hong Kong Stock Exchange listed company Freeman Fintech Corporation Limited (Stock Code 279) in the form of convertible bonds. The secured convertible bonds have a four percent interest rate payable semi-annually to subscribers.

Freeman Fintech Corporation Limited is an investment holding company. It offers securities and options trading, insurance brokerage, financing, and other related services. It mainly operates businesses in Hong Kong and is also involved in loan services and the provision of financial lease services through its subsidiaries, and serves customers around the world.

Huarong Investment Stock Corporation Limited is a Hong Kong-listed service provider of comprehensive investment and financing solutions under China Huarong Asset Management Co., Ltd., the largest financial asset management company by asset in China. Its principal businesses include: (i) direct investment in stocks, bonds, funds, derivatives and other financial products; (ii) financial service and others (including but not limited to finance leasing and money lending); and (iii) foundation and substructure construction services.

The DLA Piper team was led by Corporate partner Gloria Liu and Finance and Banking partner Paul Lee. They were assisted by Corporate of counsel Sue Yang, associate Jane Yee, and legal assistants Yuxiang Zhang and Marvin Qin.

The DLA Piper team had earlier advised China Huarong Macau (HK) Investment Holdings, another subsidiary of China Huarong Asset Management Co., Ltd., on their US$100 million investment in Freeman Fintech Corporation Limited also in the form of convertible bonds.