Important Notice
Total Page:16
File Type:pdf, Size:1020Kb
IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY PERSON OR ADDRESS IN THE UNITED STATES. THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE ADDRESSEES OUTSIDE OF THE UNITED STATES. IMPORTANT: You must read the following disclaimer before continuing. The following disclaimer applies to the attached preliminary offering circular (the ‘‘Offering Circular’’). You are advised to read this disclaimer carefully before accessing, reading or making any other use of the attached Offering Circular. In accessing the attached Offering Circular, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from the company as a result of such access. Confirmation of Your Representation: In order to be eligible to view this Offering Circular or make an investment decision with respect to the securities, investors must be outside the United States. This Offering Circular is being sent to you at your request and by accepting the e-mail and accessing the attached Offering Circular, you shall be deemed to represent to Credit Suisse (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited and Bank of China Limited (together, the ‘‘Joint Lead Managers’’) that (1) you and any customers you represent are outside the United States and that the e-mail address that you gave us and to which this e-mail has been delivered is not, located in the United States, its territories or possessions, and (2) you consent to delivery of the attached Offering Circular and any amendments or supplements thereto by electronic transmission. The attached Offering Circular has been made available to you in electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of transmission and, consequently, none of the Joint Lead Managers, the Trustee, the Agents, or any of their respective affiliates, directors, officers, employees, representatives, agents and each person who controls the Joint Lead Managers or any of their respective affiliates accepts any liability or responsibility whatsoever in respect of any discrepancies between the document distributed to you in electronic format and the hard copy version available to you upon request from the Joint Lead Managers. Restrictions: The attached document is being furnished in connection with an offering in offshore transactions to persons outside the United States in compliance with Regulation S under the Securities Act of 1933, as amended (the ‘‘Securities Act’’) solely for the purpose of enabling a prospective investor to consider the purchase of the securities described herein. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE SECURITIES ACT OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION AND THE SECURITIES MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. You are reminded that you have accessed the attached Offering Circular on the basis that you are a person into whose possession this Offering Circular may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this document, electronically or otherwise, to any other person. If you have gained access to this transmission contrary to the foregoing restrictions, you are not allowed to purchase any of the securities described in the attached Offering Circular. Actions that You May Not Take: If you receive this document by e-mail, you should not reply by e-mail to this document, and you may not purchase any securities by doing so. Any reply e-mail communications, including those you generate by using the ‘‘Reply’’ function on your e-mail software, will be ignored or rejected. YOU ARE NOT AUTHORISED TO AND YOU MAY NOT FORWARD OR DELIVER THE ATTACHED OFFERING CIRCULAR, ELECTRONICALLY OR OTHERWISE, TO ANY OTHER PERSON OR REPRODUCE SUCH OFFERING CIRCULAR IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THE ATTACHED OFFERING CIRCULAR IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE SECURITIES ACT OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. Solely for the purpose of its obligations pursuant to Section 309B(1)(a) and 309B(1)(c) of the Securities and Futures Act (Chapter 289) of Singapore (the ‘‘SFA’’) and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the ‘‘CMP Regulations 2018’’), the Issuer has determined and hereby notifies all relevant persons (as defined in Section 309 (A)(1) of the SFA) the classification of the Bonds as ‘‘prescribed capital markets products’’(as defined in the CMP Regulations 2018). Nothing in this electronic transmission constitutes an offeroraninvitationbyoronbehalfofanyoftheIssuer,the Subsidiary Guarantors, the Company, the Joint Lead Managers, the Trustee or the Agents (each as defined in the attached Offering Circular) to subscribe for or purchase any of the securities described therein, and access has been limited so that it shall not constitute in the United States or elsewhere a general solicitation or general advertising (as those terms are used in Regulation D under the Securities Act) or directed selling efforts (within the meaning of Regulation S under the Securities Act). If a jurisdiction requires that the offering be made by a licensed broker or dealer and the Joint Lead Managers or any affiliate of theirs is a licensed broker or dealer in that jurisdiction, the offering shall be deemed to be made by the Joint Lead Managers or such affiliate on behalf of the Issuer, the Subsidiary Guarantors and the Company in such jurisdiction. You are responsible for protecting against viruses and other destructive items. If you receive this document by e-mail, your use of this e-mail is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature. SUBJECT TO COMPLETION PRELIMINARY OFFERING CIRCULAR DATED 22 NOVEMBER 2019 STRICTLY CONFIDENTIAL itation shall be Wanda Properties Overseas Limited nary Offering Circular 萬達地產海外有限公司 (incorporated with limited liability in the British Virgin Islands and a wholly-owned subsidiary of Dalian Wanda Commercial Management Group Co., Ltd. (大連萬達商業管理集團股份有限公司)) US$[•][•] per cent. Guaranteed Bonds due [•] unconditionally and irrevocably guaranteed by Wanda Commercial Properties (Hong Kong) Co. Limited 萬達商業地產(香港)有限公司 (incorporated with limited liability in Hong Kong and a wholly-owned subsidiary of Dalian Wanda Commercial Management Group Co., Ltd. (大連萬達商業管理集團股份有限公司)) Wanda Real Estate Investments Limited 萬達地產投資有限公司 (incorporated with limited liability in the British Virgin Islands and a wholly-owned subsidiary of Dalian Wanda Commercial Management Group Co., Ltd. (大連萬達商業管理集團股份有限公司)) Wanda Commercial Properties Overseas Limited 萬達商業地產海外有限公司 (incorporated with limited liability in the British Virgin Islands and a wholly-owned subsidiary of Dalian Wanda Commercial Management Group Co., Ltd. (大連萬達商業管理集團股份有限公司)) and with the benefit of a Keepwell Deed and a Deed of Equity Interest Purchase Undertaking by Dalian Wanda Commercial Management Group Co., Ltd. (大連萬達商業管理集團股份有限公司) Issue Price: [•] per cent. The [•] per cent. Guaranteed Bonds due [•] in the aggregate principal amount of US$[•](the‘‘Bonds’’) will be issued by Wanda Properties Overseas Limited 萬達地產海外有限公司 (the ‘‘Issuer’’) and will be unconditionally and irrevocably guaranteed (the ‘‘Guarantee’’) by its parent company, Wanda Commercial Properties (Hong Kong) Co. Limited(萬達商業地產(香港)有限公司)(‘‘Wanda HK’’), Wanda Real Estate Investments Limited 萬達地產投資有限公司 and Wanda Commercial Properties Overseas Limited 萬達商業地產海外有限公司 (collectively, the ‘‘Subsidiary Guarantors’’). The Issuer and the Subsidiary Guarantors are direct or indirect wholly-owned subsidiaries of Dalian Wanda Commercial Management Group Co., Ltd.(大連萬達商業管理集團股份有限公司)(the ‘‘Company’’). The PRC government (as defined herein) is not an obligor and shall under no circumstances have any obligation arising out of or in connection with the Bonds or the Guarantee in lieu of the Issuer, the Subsidiary Guarantors or the Company. See ‘‘Risk Factors – The PRC government has no obligations under the Bonds or the Guarantee.’’ any jurisdiction where such offer or sale is not permitted. No offer or inv The Issuer, Wanda HK and the Company will enter into a keepwell deed on or about [•] with The Bank of New York Mellon, London Branch (the ‘‘Trustee’’) as trustee of the Bonds (the ‘‘Keepwell Deed’’) as further described in ‘‘Description of the Keepwell Deed.’’ The Company and the Trustee will enter into a deed of equity interest purchase undertaking on or about [•](the‘‘Deed of Equity Interest Purchase Undertaking’’) as further described in ‘‘Description of the Deed of Equity Interest Purchase Undertaking.’’ Neither the Keepwell Deed nor the Deed of Equity Interest Purchase Undertaking constitutes a guarantee by the Company of the obligations of the Issuer under the Bonds or the Subsidiary Guarantors under the Guarantee. Interest on the