HALCYON AGRI CORPORATION LIMITED (hereinafter referred to as Halcyon Agri) was established on April 7, 2005, with a registered capital of SGD 952.655 million. It is listed on the Mainboard of the Singapore Exchange (SGX). The company primarily engages in the cultivation, processing, sales, and trading of natural rubber and latex. It owns 4 plantations and 37 processing plants globally, employing over 15,000 staff, with 37,800 hectares of rubber plantations and an annual production capacity of approximately 1.429 million tons. It has established an integrated industrial chain covering cultivation, processing, and sales, with a presence in major global regions. Halcyon Agri's cultivation operations are primarily located in Cameroon, where it owns the world's largest commercial plantation. Its processing facilities are situated in Indonesia, Thailand, and China, ranking second globally in natural rubber processing volume. Its sales network covers Europe, North America, and Asia. By connecting and integrating businesses across the entire natural rubber value chain, Halcyon Agri has become a leader in sustainable development within the natural rubber industry, having obtained product certifications from over 22 world-renowned tire manufacturers. In 2023, due to a change in its major shareholders, Halcyon Agri needed to restructure its offshore syndicated loan in the short term to supplement its working capital liquidity. This syndicated loan facility sought USD 300 million, priced based on overnight SOFR, with a one-year tenure. Following the shareholding change, Halcyon Agri's two major shareholders, Sinochem International (Holdings) Co., Ltd. and China Hainan Rubber Industry Group Co., Ltd. (Hainan Rubber), are key clients of the Shanghai Branch and Haikou Branch, respectively. Upon learning of the client's needs, our bank acted promptly, engaged in thorough communication. With the strong support of China Everbright Bank Head Office and by coordinating with Haikou Branch, our bank has innovatively adopted the internal joint lending model through the free trade sub-accounting unit to provide Halcyon Agri with a syndicated loan of USD 60 million. Under the guidance of the Head Office throughout the process, the Haikou and Shanghai Branches enhanced coordination, maintained alignment in funding sources, operational procedures, pricing approval, and external communications. Leveraging the free trade accounting unit and adhering to international practices and USD clearing regulations, the bank successfully completed the fund disbursement and transfer in a timely manner.
More
The Karot Hydropower Station in Pakistan is a major hydropower investment project under the Belt and Road Initiative and a priority energy cooperation project under the China-Pakistan Economic Corridor. Developed and invested in by the China Three Gorges Corporation, it started its commercial operation in June 2022. The total project investment is approximately USD 1.74 billion, with equity accounting for about 20% of the total investment. The debt portion was funded through loans provided by the Export-Import Bank of China, China Development Bank, the Silk Road Fund, and the International Finance Corporation (IFC) of the World Bank. The equity investment and the Chinese debt financing portion were covered by Sinosure's overseas investment insurance, which provided risk protection against risks such as default.
More
CITIC Securities utilizes cross-border equity swap instruments under the SAC agreement to provide eligible domestic institutional investors with avenues to allocate assets in high-quality Chinese enterprises listed overseas.
More
In September 2023, Sinosure provided coverage for Chinese Company A's investment in the DOSTYK 50 MW wind power project in Kazakhstan. Sinosure provided medium-to-long-term export buyer's credit insurance support with a 95% compensation ratio for both political risks and commercial risks.
More
Clients such as rubber production/processing enterprises and cross-border rubber traders utilize Nanhua Futures Co., Ltd. and its overseas subsidiary, HGNH International Financial Corporation Limited, to trade futures contracts like the INE No. 20 Rubber Futures, SGX Rubber Futures, and OSE Rubber Futures as needed. They use futures trading for hedging purposes and complete rubber delivery through Nanhua Futures and HGNH, effectively mitigating price fluctuation risks of rubber in domestic and international markets, thereby securing stable operating profits for rubber producers, processors, and traders.
More
On May 30, 2024, China Galaxy International Securities (CGSI), the wholly-owned Southeast Asian subsidiary of China Galaxy Securities, successfully completed another share placement for Sunway Berhad (stock code: SWAY.KL/SWB MK) in Malaysia. CGSI acted as the sole placing agent in this placement.
More
In 2021, HSBC provided a green accounts receivable financing transaction for the Chinese EPC contractor of this project. Through HSBC's global network, it also offered a one-stop service platform including financial services such as cash and foreign exchange management.
More
In October 2023, Sinosure provided coverage for Chinese Company A's joint investment with Singaporean Company B in the Manah 2 500 MW PV power plant project in Oman. Sinosure provided medium-to-long-term export buyer's credit insurance support with a 95% compensation ratio for political risks and a 90% compensation ratio for commercial risks, achieving a historic breakthrough in the financing of new energy power projects.
More
Great Wall Motor acquired General Motors' Thailand vehicle assembly factory. PricewaterhouseCoopers (PwC) served as the exclusive financial advisor, tax advisor, human resources due diligence advisor and environmental due diligence advisor for the buyer in this transaction. PwC was responsible for whole-process project management, transaction structuring, and coordinated all due diligence work, participating fully in the transaction negotiations, ultimately assisting the client in successfully completing the deal.
More
CapitaLand China Trust was listed on the SGX on December 8, 2006. It is the largest SGX-listed real estate investment trust focused on income-producing properties in China. Its sponsor, CapitaLand Group, is a renowned large diversified real estate group in Asia and Singapore's largest real estate investment trust manager, headquartered in Singapore. CapitaLand's business focuses on real estate investment management and development, with a portfolio spanning over 260 cities in more than 40 countries worldwide. CapitaLand entered China in 1994, and China is one of its core markets. Currently, CapitaLand manages about 300 projects in over 40 cities across China. To further broaden its financing channels and diversify its funding sources, CLCT turned its attention to the gradually developing and expanding pearl bonds market, aiming to utilize the advantages of Panda bonds to raise funds in the offshore financial market. After meticulous preparation, the project was priced and issued in October 2023, becoming the first renminbi-denominated pearl bond issued by a foreign institution from a Belt and Road country. The bond size was CNY 600 million, with a 3-year tenor and an interest rate of 3.8%. The successful issuance of this project demonstrated the important function of the renminbi as an international currency, serving as both a reserve currency and a payment currency in the global capital markets.
More