Norton Rose Fulbright has advised HSBC on the HK$1.3 billion issuance of new shares by South East Group Limited. South East Group Limited is an investment holding company that invests in and develops properties in the People’s Republic of China, and is listed on the main board of the Hong Kong Stock Exchange.

HSBC acted as financial adviser to China Minsheng Jiaye Investment Co., Ltd. (Offeror), the real estate arm of China Minsheng Investment Corp., Ltd. on the proposed issuance

The transaction also involved the issuance of convertible bonds to Honghu Capital Company Limited, an independent third party, raising approximately HK$200 million.

The transaction is governed by both the Hong Kong Listing Rules and the Takeovers Code and will require the approval of the Offeree Company’s independent shareholders in relation to the share subscription and also as a condition to the grant of a "whitewash" waiver.

The team was led by Hong Kong partner Psyche Tai, assisted by senior associate Eva Tsui.