From enquiry to funding.
A streamlined process, engineered for discretion, speed, and execution certainty. Five distinct stages; senior principals at every one.
Each stage exists for a reason. Each is bounded by clear deliverables. None requires the involvement of junior intermediaries or salesforces. The cadence below describes a representative engagement; specifics are calibrated to the transaction.
Confidential Enquiry
High-level details of your shareholding and financing requirements, submitted through a secure channel. Initial dialogue is held by senior principals only.
Indicative Terms
Preliminary structure delivered within 1 to 2 business days. No commitment on either side; the indicative term sheet is a starting point for refinement.
Documentation
Terms formalised under institutional documentation. Regulatory, tax, and disclosure considerations addressed in parallel by counsel of your choosing.
Custody & Pledge
Shares pledged to a qualified custodian under bankruptcy-remote arrangements. Beneficial ownership and your economic position preserved throughout.
Funding & Stewardship
Capital deployed against agreed timelines. An ongoing point of contact maintained throughout the life of the facility.
The conversation begins privately.
An initial enquiry typically includes: the ticker(s) and approximate position size, your role relative to the issuer (founder, controlling shareholder, family office, corporate, or other), the indicative use of proceeds, and any time sensitivity.
No sensitive material non-public information is required at this stage, and we are not in the business of receiving it. Indicative parameters can be established from publicly-available information about the issuer and your position.
Initial dialogue is held by senior principals. Junior intermediaries, business-development professionals, and outsourced salesforces do not feature in our model.
A starting point, not a take-it-or-leave-it.
An indicative term sheet typically covers: structure type (loan or block), facility size, LTV range, tenor, pricing, recourse profile, currency, custody arrangement, and key conditions precedent. It is delivered within 1 to 2 business days for straightforward enquiries.
Indicative terms are exactly that: indicative. They establish the working parameters of a possible transaction. Refinement happens through dialogue, not through one-shot offers.
Institutional documentation. Counsel of your choosing.
Documentation moves into formal drafting once parameters are settled. We work with Hong Kong counsel of the borrower’s choosing; we do not require use of a particular firm. The documentation is institutional in form — loan agreement, security agreement, custody agreement, and related ancillaries — and is drafted to be acceptable to sophisticated lenders and their counsel.
Regulatory considerations are addressed in parallel with structuring. Disclosure obligations under the SFO Part XV regime, the SFC Codes on Takeovers and Mergers, and the HKEX Listing Rules are mapped to the transaction; tax considerations are flagged for review by the borrower’s advisers; and any specific issuer constraints (lock-ups, articles, shareholder agreements) are reviewed.
Bankruptcy-remote. Beneficial ownership preserved.
The pledged position is held by a qualified custodian under bankruptcy-remote arrangements. The structure is designed so that the lender’s security interest is fully perfected while the borrower’s beneficial ownership and economic exposure remain undisturbed throughout the facility.
Dividend treatment, voting rights, and corporate-action mechanics are addressed deliberately in the documentation. The custody arrangement is institutional, transparent, and operationally sound; it is not a parking lot for the position but a deliberate piece of the structure.
Capital deployed. Relationship maintained.
Capital is deployed against agreed timelines once the custody arrangement is operational and all conditions precedent have been satisfied. Settlement is in HKD, USD, or other agreed major currencies; cross-border settlement is routine.
The relationship does not end at funding. An ongoing point of contact is maintained throughout the life of the facility, available for refinancing discussions, restructuring as circumstances evolve, and the eventual unwind. Repeat engagements are common; many of our clients return for subsequent transactions over time.