Maples Advises on Xiaomi's US$4Billion Top-up Funding Placement
18 Dec 2020
Xiaomi Corporation is China's second-biggest mobile phone maker, principally engaged in the development and sales of smartphones, internet of things and lifestyle products, provision of internet services, and investment holdings in China as well as globally. It is listed on the HKSE.
A team based in the Group's law firm in Hong Kong acted as Cayman Islands counsel to Xiaomi. The team was led by Partner, Everton Robertson and assisted by Legal Managers, Jessica Zhan and Sarena Gong.
Commenting on the Transactions, Everton Robertson said, "We are very pleased to have had the privilege of advising Xiaomi on such a significant funding placement. Our Hong Kong office has been involved in a growing number of debt and equity listings on the Hong Kong Stock Exchange which we are pleased to see have continued to increase this year despite the challenging environment."
Skadden Arps Slate Meagher & Flom LLP acted as US and Hong Kong legal counsel to the Guarantor. Linklaters acted as English and Hong Kong legal counsels to the managers, Credit Suisse (Hong Kong) Limited, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities PLC and Morgan Stanley & Co. International PLC.
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