Ashurst advises Merrill Lynch Asia Pacific on HKD775 million convertible bonds to iDreamSky Technology Holdings Limited

The issued bonds, guaranteed by iDreamSky, are convertible into the ordinary shares of iDreamSky, with the convertible bonds listed on SGX-ST. iDreamSky is a mobile gaming platform founded in 2011 based in Shenzhen, China. 

Lead partner Jini Lee commented, "We are delighted to have assisted our client to successfully complete the transaction in a volatile and challenging market condition before the US election, particularly in the fast moving tech and gaming sector." 

The Ashurst team was led by partner Jini Lee, supported by partners Frank Bi, Priscilla Chen, Ben Hammond, counsel Li Jiang, and Phoebe Chen, Lynn Liu, Victoria Yeh, Kristy Tang, and Wing Cheng.