find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Senior family lawyer - Melbourne
Category: Family Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Outstanding national firm · High-calibre family law team
View details
Asian gaming operator goes public

Asian gaming operator goes public

David Ryan, DLA Piper

A Hong Kong-based casino and gaming operator has launched an IPO and listed on the ASX with advice from a global firm’s Sydney-based team.

Firm: DLA Piper (Silver Heritage Group Limited)

Deal: Silver Heritage Group made an IPO, listed on the ASX and financed its debt.

Value: $80 million market capitalisation

Area: IPO

Key players: The DLA Piper IPO team was led by Sydney partners David Ryan (pictured left) and Catherine Merity (pictured right), with assistance from senior associates Kelly Morrison, Elliott Cheung and Rosamond Sayer and lawyer Harriet Johnston. The bond team was led by Hong Kong partner Jonathan Leitch, assisted by senior associate Andrew Nicholls.

Deal significance: Silver Heritage Group Limited (Silver Heritage), which is headquartered in Hong Kong, was founded in 2003 and currently operates and manages casinos and gaming assets in Nepal, Vietnam, Laos and Cambodia.

Silver Heritage Group Limited has made an initial public offering (IPO), listed on the ASX and made an associated US$20 million bond issue to investment fund manager OCP Asia.

The indicative market capitalisation of the company on completion of the offer is expected to be around AU$80 million.

The funds raised through the IPO and bond issue will be used to fund the expansion of the company's projects, in particular the development of its first five-star casino resort near the India-Nepal border.

“DLA Piper is delighted to have advised Silver Heritage Group on their initial public offering and this next phase of their growth strategy and further expansion in the world's largest gaming market,” lead partner David Ryan said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Asian gaming operator goes public
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...