On July 25, 2014, taptap点点 Holdings, Ltd. (337.HK) established a US$2 billion medium term note program at the Hong Kong Stock Exchange. AllBright lawyers formed the Chinese legal team for taptap点点. Under the program, the company can issue up to US$2 billion, or the equivalent in other currencies, worth of face value bonds outside of the United States for the company’s daily operations, domestic development and to repay outstanding debts. The MTN started trading on July 28, 2014.

Greenland Group bought 60% of a Hong Kong-listed company on August 27, 2013, and renamed it taptap点点. It will become Greenland Group’s international arm in investment and brand display. HSBC and UBS are its joint global coordinators as well as joining BOC International, JP Morgan and Morgan Stanley as the MTN’s joint book runners.

AllBright partners Lawrence Zhu, Ark Bao, Shen Cheng, Maggie Chen, and associates Wells Chen and Mao Yiwen advised the client through the procedure and issued legal opinions.