Transactions
Admiralty Harbour is a credit-focused financial services firm based in Hong Kong
Liability Management
 Yestar Heathcare Holdings Company Limited
 
 
 Successfully Completed Debt Restructuring via
 Scheme of Arrangement in the Caymen Islands
 $194.5 million 9.5% Senior Notes Due December 2026
  •  Sole Financial Advisor
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March 2024
 GCL New Energy
 
 
 Cash Tender Offer
 10% Notes Due 2024
 Tender back US$36m
  •  Dealer Manager
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March 2023
 Hidili Industry
 (1393.HK)
 
 Scheme of Arrangement
 Debt Restructuring
 US$183m 8.628% Due 2015
  •  Financial Advisor
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March 2023
 China Fortune Land
 (600340.SH)
 
 Debt Restructuring
 US$4.96bn Bonds
 Across 11 Tranches
  •  Sole Financial Advisor
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January 2023
 GCL New Energy
 
 
 Cash Tender Offer
 10% Notes Due 2024
 Tender Back US$145m
  •  Dealer Manager
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October 2022
 Shimao Services Holdings Ltd
 
 
 Consent Solicitation
 HKD3.11bn Convertible Bonds
 
  •  Sole Financial Advisor
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August 2022
 GCL New Energy
 
 
 Cash Tender Offer
 10% Notes Due 2024
 Tender Back US$53m
  •  Dealer Manager
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March 2022
 Zhenro Properties Group
 
 
 Exchange Offer
 Consent Solicitation
 
  •  Sole Dealer Manager & Solicitation Agent
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March 2022
 GCL New Energy
 
 
 Consent Solicitation
 US$419m 10%
 Due 2024
  •  Solicitation Agent
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February 2022
 Yida China Holdings
 
 
 Distressed Consent Solicitation
 US$191m 12% due 2022
 
  •  Sole Solicitation Agent
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February 2022
 Yestar Healthcare
 
 
 Scheme of Arrangement
 Debt Restructuring
 US$200m Senior Notes Due 2021
  •  Financial Advisor
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December 2021
 GCL New Energy
 
 
 Scheme of Arrangement
 Debt Restructuring
 US$500m 7.1% Due 2021
  •  Financial Advisor
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June 2021
 Hilong Holding Limited
 
 
 Debt Restructuring
 US$165m 7.25% Due 2020
 US$200m 8.25% Due 2022
  •  Sole Restructuring Financial Advisor
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May 2021
 Yida China
 
 
 Exchange Offer
 Consent Solicitation
 US$225m Due April 2020
  •  Sole Dealer Manager
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March 2021
 Beijing Hongkun Weiye
 
 
 Consent Solicitation
 US$205m 14.75%
 Due January 2022
  •  Sole Solicitation Agent
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January 2021
 Shandong Yuhuang
 
 
 Debt Restructuring
 US$300m 6.625%
 Due March 2020
  •  Restructuring Financial Adviser
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December 2020
 China Minsheng
 Investment Group
 
 Consent Solicitation
 Maturity Date Extension
 To 2 August 2021
  •  Sole Solicitation Agent
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September 2020
 Nantong Sanjian
 Construction Group
 
 Exchange Offer
 7.8% Notes Due 2020
 75.4% Tendered
  •  Lead Dealer Manager
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September 2020
 Shuifa Singyes Energy
 
 
 Cash Tender Offer
 USD Notes Due 2022
 Tender Back US$90,788,559
  •  Sole Dealer Manager
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June 2020
 AMTD International
 
 
 Exchange & New Issue
 US$200m 7.25% Perps
 SG$50m 4.5% Perps
  •  MTN Dealer
  •  Joint Bookrunner
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May 2020
 Yida China
 
 
 Exchange Offer
 Consent Solicitation
 US$300m 6.95% Due 2020
  •  Sole Dealer Manager
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March 2020
 Anton Oilfield
 
 
 Cash Tender Offer
 9.75% Notes Due 2020
 Tender Back US$102.737m
  •  Dealer Manager
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March 2020
 Hydoo International
 
 
 Exchange & New Issue
 US$193.5m 14%
 Due December 2021
  •  Dealer Manager
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December 2019
 China Singyes Solar
 
 
 Debt Restructuring
 US$430m HY Bonds & CB
 HK$330m Bank Loans
  •  Restructuring Financial Advisor
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December 2019
 China Minsheng
 Investment Group
 
 Consent Solicitation
 Maturity Date Extension
 To 2 August 2020
  •  Sole Solicitation Agent
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August 2019
 Oceanwide Holdings
 
 
 Exchange & New Issue
 US$280m 14.5%
 Due September 2021
  •  Joint Dealer Manager
  •  Joint Bookrunner
  •  Joint Lead Manager
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June 2019
Mergers & Acquisitions Advisory
 Project Hygge
 
 
 US$60m Private Financing for a Hong Kong Listed Pharmaceutical Company
 
 
  •  Financial Advisor
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April 2024
 Jiangxi Copper
 
 
 Jiangxi Copper’s US$212m participation in
 First Quantum’s equity offering as part of a
 US$5bn recapitalisation exercise
  •  Sole Financial Advisor
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February 2024
 Jiangxi Copper
 
 
 US$31m Acquisition Of 6.3% Stake In SolGold
 
 
  •  Financial Advisor
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December 2022
 Project Valentine
 
 
 Post Privatization & Pre A Share IPO
 US$70m Debt & Equity Combined Financing
 
  •  Financial Advisor
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February 2021
Debt Capital Markets
 Jiangsu Zhongnan
 Construction Group
 
 New Issuance
 US$150m 12%
 364-day
  •  Joint Bookrunner
  •  Joint Lead Manager
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June 2021
 Jiangsu Zhongnan
 Construction Group
 
 New Issuance
 US$250m 11.5%
 Due April 2024
  •  Joint Bookrunner
  •  Joint Lead Manager
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March 2021
 China South City
 
 
 Tap Issuance
 US$175m 11.95%
 Due February 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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February 2021
 Jiaozuo Investment Group
 
 
 New Issuance
 US$100m 5.6%
 Due February 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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February 2021
 Xinyuan Real Estate
 
 
 New Issuance
 US$170m 14%
 Due January 2024
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2021
 Sunkwan Properties
 
 
 Debut New Issuance
 US$185m 12.75%
 Due January 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2021
 China South City
 
 
 Tap Issuance
 US$120m 10.75%
 Due April 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2021
 Golden Wheel Tiandi
 
 
 Tap Issuance
 US$85m 14.25%
 Due January 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2021
 Languang Development
 
 
 New Issuance
 US$300m 8.85%
 Due January 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2021
  Yango Group
 
 
 New Issuance
 US$200m 5.3%
 Due January 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2021
 DaFa Properties
 
 
 Tap Issuance
 US$80m 12.375%
 Due July 2022
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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December 2020
 E-House (China) Enterprise
 
 
 New Issuance
 US$200m 7.6%
 Due June 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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December 2020
 China Aoyuan
 
 
 New Issuance
 US$230m 5.98%
 Due August 2025
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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November 2020
 Yincheng International
 
 
 New Issuance
 US$200m 12%
 Due November 2021
  •  Joint Bookrunner
  •  Joint Lead Manager
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October 2020
 Xinyuan Real Estate
 
 
 New Issuance
 US$300m 14.5%
 Due September 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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September 2020
 Fujian Yango Group
 
 
 New Issuance
 US$200m 11.75%
 Due September 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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September 2020
 Jiangsu Zhongnan
 Construction Group
 
 New Issuance
 US$200m 9%
 364-day
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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July 2020
 Yango Group
 
 
 New Issuance
 US$300m 7.5%
 Due April 2024
  •  Joint Bookrunner
  •  Joint Lead Manager
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July 2020
 TCL Technology
 
 
 Debut New Issuance
 US$300m 1.875%
 Due July 2025
  •  Joint Bookrunner
  •  Joint Lead Manager
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July 2020
 Languang Development
 
 
 New Issuance
 US$250m 11%
 Due June 2022
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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May 2020
 Xiangtan Urban & Rural
 Construction Development
 
 New Issuance
 US$105m 4%
 Due 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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May 2020
 Beijing Hongkun Weiye
 
 
 Tap Issuance
 US$55m 14.75%
 Due August 2022
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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May 2020
 Tianjin Lingang
 Investment
 
 New Issuance
 US$68m 3.7%
 Due May 2023
  •  Joint Bookrunner
  •  Joint Lead Manager
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May 2020
 Zensun Enterprises
 
 
 New Issuance
 US$200m 12.5%
 Due September 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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March 2020
 Yango Group
 
 
 New Issuance
 US$300m 8.25%
 Due November 2020
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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February 2020
 Radiance Group
 
 
 New Issuance
 US$300m 10.5%
 Due January 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2020
 Yango Group
 
 
 New Issuance
 US$300m 9.875%
 Due April 2023
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2020
 Landsea Green Properties
 
 
 New Issuance
 US$200m 10.75%
 Due October 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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January 2020
 Ronshine China
 
 
 New Issuance
 US$324 8.1%
 Due June 2023
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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December 2019
 Anton Oilfield
 
 
 New Issuance
 US$300m 7.5%
 Due December 2022
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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November 2019
 Beijing Hongkun Weiye
 
 
 Tap Issuance
 US$40m 14.75%
 Due September 2022
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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November 2019
 Yango Group
 
 
 New Issuance
 US$250m 10%
 Due February 2023
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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November 2019
 Beijing Hongkun Weiye
 
 
 Debut New Issuance
 US$110m 14.75%
 Due September 2022
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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September 2019
 Shandong Chenming Paper
 
 
 New Issuance
 US$163m 9%
 Due April 2020
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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September 2019
 Xinhu Zhongbao
 
 
 New Issuance
 US$110 11%
 Due June 2022
  •  Joint Bookrunner
  •  Joint Lead Manager
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June 2019
 China South City
 
 
 New Issuance
 US$200m 11.875%
 Due March 2021
  •  Joint Bookrunner
  •  Joint Lead Manager
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March 2019
 Ronshine China
 
 
 New Issuance
 US$200m 11.5%
 Due July 2020
  •  Joint Global Coordinator
  •  Joint Bookrunner
  •  Joint Lead Manager
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December 2018