On March 23 2017, Fortune Star (BVI) Limited, a subsidiary wholly owned by Fosun International Limited (HK 00656), issued US$ 800 million worth of senior bonds maturing in 2022, with the annual interest rate fixed at 5.25%. Fosun International provided an unconditional and irrevocable guarantee for the bond issuance.

ALB will identify China’s leading general counsels in ranking of ALB Top GCs in China 2017, which will be published in June. The submissions are open to all general counsels or head of legal affairs based in China.

Sunshine Law Firm welcomes a new Of Counsel, XU Xiangmin, former Managing Counsel, BP Global Petrochemicals/BP China.

On Mar 10 2017, King & Wood Mallesons (KWM) assisted Gome Electrical Appliances Holding Limited in completing the overseas issuance of US$ 400 million corporate bond, on behalf of the underwriter Barclays Bank p.l.c., with the interest rate fixed at 5.00% and the duration at three years. The bond will be traded on Singapore Exchange.

Against the backdrop of slowing macroeconomic growth, merger and acquisition (“M&A”) and reorganization have become important means for businesses to seek transformation and upgrading and diversify their operations. China’s M&A market has been very active and busy with reforms of State-owned enterprises, overseas asset acquisition, industrial restructuring and mergers between industry giants. Asian Legal Business (ALB) has been following the legal market of M&A closely, learning as much as possible about outstanding M&A lawyers and their role in M&A deals. Top M&A lawyers need to have not only a solid foundation of knowledge and rich practical experiences, but also clear ideas and creative solutions. This year, ALB conducted a special survey on M&A lawyers, and came up with a list of top M&A lawyers based on law firm recommendations, lawyer achievements and other dimensions. Congratulations to all winners!

After three months of rigorous research, Asian Legal Business is pleased to announce the nominations of SSQ Thomson Reuters ALB China Law Awards 2017.

The Shanghai office of Dentons has grown after hiring three partners and a counsel, apart from relocating a partner from Ningbo.

Recently, affiliates of The Carlyle Group L.P. (NASDAQ:CG) successfully raised senior secured credit facilities from the syndicate led by Barclays to finance the $3.2 billion acquisition of Atotech B.V. by such affiliates of The Carlyle Group L.P. from affiliates of Total S.A.

Submissions for the ALB 2017 Intellectual Property Rankings will close on March 17.

On Feb 9 2017, Midea Group Co., Ltd. (hereinafter referred to as "Midea Group"), a multinational technology company based in China, announced the establishment of a strategic partnership with a Israeli high-tech company, Servotronix.