Linklaters advises on Chong Hing Bank rights issue

Linklaters is advising the joint underwriters, BOC International, DBS and Nomura, on the HK$3.71 billion rights issue launched by Chong Hing Bank yesterday. 

Chong Hing Bank intends to use the net proceeds of the rights issue to expand its business, position it for sustainable growth and satisfy its capital adequacy requirements, and reposition its branch network and update its core banking IT systems. 

The Linklaters team is led by corporate partner Robert Cleaver and counsel Alex Bidlake.