background

• Anglo Chinese acted as the financial adviser for Media Asia Group Holdings Limited in relation to a Recapitalisation Proposal and acquisition of VS Media
• The Recapitalisation Proposal comprises capitalisation of shareholder’s loans, clawback offer of the capitalisation shares to minority shareholders, placing of the capitalisation shares to new investors, open offer and share consolidation
• VS Media is a digital media network company focused in producing authentic short-form content and empowering independent creative talents in the Greater China and southeast Asia region

 

our roles

• Designed the deal structure, including the components and mechanism of the recapitalisation proposal and the acquisition
• Coordinated 4 listed companies and professional parties, and communicated with the Stock Exchange of Hong Kong

 

key matters

• Formulated the loan capitalisation to increase Media Asia’s equity base substantially to better position it for business expansion through acquisitions
• Devised the unique clawback offer mechanism as incentive to minority shareholders to support the recapitalization plan
• A deal of this complexity and no precedent required a financial adviser with deep corporate finance experience with pretty much the whole corporate finance chemistry set engaged