Conyers provided British Virgin Islands legal advice to CAS Capital No. 1 Limited, an indirect wholly-owned subsidiary of PCCW Limited (the “Company”), in connection with its issue of an aggregate amount of US$750 million perpetual subordinated guaranteed securities irrevocably and unconditionally guaranteed by CAS Holding No. 1 Limited.
The Company, whose shares are listed on The Stock Exchange of Hong Kong Limited (stock code: 0008) and traded in the form of American Depositary Receipts on the OTC Markets Group Inc. in the U.S. (Ticker: PCCWY), is a global company headquartered in Hong Kong which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
Partner Richard Hall and Associate Ryan McConvey of Conyers’ Hong Kong office advised on the matter working alongside Linklaters.