Hong Kong SAR

Diesel engine maker Weichai Power has gathered liquidity from 13 lenders during the general phase of its €310m ($334m) five year loan.

Wisdom Education International Holdings Co kicked off investor education for a $200m IPO in Hong Kong on Tuesday, squeezing into a tight pricing window before the Chinese New Year break.

The Hong Kong IPO market has started 2017 with some action as two Chinese issuers unveiled fundraising plans to seek a combined HK$4.2bn ($533.8m).

Law firm Dechert has hired a new partner in its corporate and securities team in Hong Kong, poaching from Cadwalader, Wickersham & Taft.

Law firm Clifford Chance has appointed a new head of corporate practice for Asia Pacific, as the incumbent takes over a new role.

Hong Kong-listed Longfor Properties has sealed a Rmb3bn ($431m) fundraising with a Chinese bank at the helm.

International Business Settlement Holdings, formerly known as Chaoyue Group, has closed a HK$1.6bn ($206.1m) equity fundraise just before Christmas.

Heavy demand for a HK$2.8bn ($361m) loan for Permira's leveraged buyout of Tricor Holdings has led to a big scaleback in allocations to banks.

China New Town Development Co has appointed BNP Paribas as a placing agent to help meet the free float requirement in Hong Kong once its delisting from the Singapore bourse is completed.

Wanda Commercial Properties Hong Kong is due to sign a syndicated loan facility at $487.5m, slightly lower than the launch size of $500m. But a few more banks that were unable to make the deadline are expected to come in later, which will allow the company to boost the deal size.

Huarong International Financial Holdings is reaching out to shareholders for funds, with a rights issue targeting HK$658.4m ($84.8m).

Hong Kong-listed cigarette package printer Amvig Holdings is in the market for a HK$1.6bn ($206m) equivalent dual currency loan to refinance debt. The company will pay banks a fixed rate of interest for the renminbi portion of the deal.