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NSAV Acquires 40% Stake in OTC Crypto Trading Desk HKOTC.CO

McapMediaWire – NSAV, a cryptocurrency, blockchain and digital asset technology company, today announced the acquisition of a 40% stake in Hong Kong Premium OTC Crypto Trading Desk. HKOTC.CO is one of Hong Kong’s most popular OTC crypto trading services, with 16 strategic crypto and blockchain partners, including Binance, Huobi, ZB.com and BW.com.

HKOTC.CO offers fast settlement, flexible payment methods and secure trading, as unlike other digital asset and bitcoin exchanges, it doesn’t hold client’s assets.

HKOTC.CO, based in Hong Kong, is made up of a team of experienced and trusted traders with excellent bitcoin and cryptocurrency knowledge. This team of traders has been trading Bitcoin in Hong Kong for more than 6 years and leads the industry in terms of reliability, affordability, safety and convenience.

On Friday, NSAV announced the launch of its Premium OTC Crypto Trading Desk. NSAV’s OTC Desk offers private and personalised service to institutions and high net-worth individuals that trade large blocks of cryptocurrency.

OTC Crypto Trading Desks offer increased liquidity, price protection, anonymity, Fiat support, unlimited purchases and the purchase of rare tokens, which are not available on exchanges. NSAV’s OTC Desk provides its clients with execution and settlement services that are secure, competitive and discreet. Today, nearly all major crypto exchanges have their own OTC Desk. Kraken, in 2019, acquired major OTC Crypto Trading Desk, Circle Trade, and is now one of the world’s leading OTC Crypto Trading Desks.

The Company’s management believes that having its own OTC Crypto Trading Desk will be a huge benefit to NSAV and all of its shareholders, as it ascends to the next level.

Silverbear Capital Inc., a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchanges and OTC Crypto Trading Desk. Silverbear will also help guide NSAV in ensuring that its exchanges and OTC Desks are continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice.

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

Mr. Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “The HKOTC transaction will allow the NSAV trading desk to be more fluent in the Crypto OTC space, and by leveraging HKOTC’s experience and platform capability, this will greatly enhance the capacity of NSAV’s growth plan in crypto arena and to better serve its users and loyal clients.”

NSAV Holding’s vision is the establishment of a fully integrated technology company, which provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, eCommerce, financial services, advisory services and information technology.

For further information please contact NSAV at [email protected]

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

The NSAV corporate website can be accessed at http://nsavholdinginc.com

The NSAV Premium OTC Crypto Trading Desk can be accessed at https://nsavholdinginc.com/otc-desk/

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby.

Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate.

In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact

Net Savings Link, Inc.

Email: [email protected]

Latham & Watkins advises Tencent Music on its investment in Wave

Latham & Watkins advised Tencent Music Entertainment Group (“Tencent Music” or “TME”), the leading online music entertainment platform in China, on its minority equity investment in Wave, the market leader in interactive virtual entertainment experiences. The deal will enable TME to air Wave experiences in China across all of its platforms including QQ Music, Kugou Music, Kuwo Music, and WeSing.

Additionally, this collaboration will allow the two companies to develop virtual concert content for TME Live, an innovative live performance brand under TME, which pioneers the integration of offline concerts with an online experience.

The Latham deal team was led by Hong Kong corporate partner Frank Sun, with Beijing associate Jason Zhao. Advice on CFIUS matters was provided by Washington, D.C. partner Steven Croley, counsel Rachel Alpert, and associate Tahura Lodhi; and on IP matters by Hong Kong associate Kieran Donovan.

Eversheds Sutherland advises on Springland privatisation financing

Eversheds Sutherland Hong Kong advised DBS Bank on the acquisition financing in connection with the HK$4.5 billion privatisation of Springland International Holdings Limited (“Springland”).

Springland operates a number of department stores and supermarkets in Mainland China, in particular in the Greater Yangtze River Delta region. It has branches across nearly ten cities in Jiangsu and Anhui provinces. Springland listed on the Main Board of the Stock Exchange of Hong Kong in 2010 (HKSE: 1700).

The privatisation of Springland by the offeror, Octopus (China) Holdings Limited, was by way of a scheme of arrangement under section 86 of the Companies Law of the Cayman Islands. DBS Asia Capital Limited was the financial adviser to Octopus (China) Holdings Limited. The scheme became effective in February 2020.

Lead partner, Kingsley Ong, commented: “We were delighted to work with DBS on this notable transaction and to help Octopus (China) Holdings Limited in its successful acquisition and privatisation. Our team worked to a demanding timetable and the successful close is a credit to everyone’s hard work and dedication”.

Stephen Mok, Senior Partner and Head of Corporate, Asia, added: “We are very grateful for this opportunity to advise DBS on this transaction. There are many reasons why privatisations take place. Some controlling shareholders may want to restructure and recapitalise their business with a view to re-listing later on. Some investors may see privatisations as good opportunities to take over undervalued listed companies. The current state of the stock markets present a valuable opportunity to go down this route. I expect to see more activities in this area as the sentiment of the financial markets continues to be hampered by the current pandemic.”

The Hong Kong team was led by partner Kingsley Ong, with Of Counsel Sin Joh Chuang and Simon Barrell, Associates Polly Chiu and Toby Wai, and trainee Hinny Leung.

Norton Rose advises consortium of banks on $500m bond issuance

Global law firm Norton Rose Fulbright has advised Australia and New Zealand Banking Group Limited, Citigroup Global Markets Limited, Emirates NBD Bank PJSC, Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch, J.P. Morgan Securities plc and Société Générale as joint lead managers on a US$500 million bond issuance by Emirates NBD Bank PJSC.

The notes are due February 2025 and were issued off Emirates NBD Bank PJSC’s $12,500,000,000 Euro Medium Term Note Programme, which was updated in July 2019 and on which Norton Rose Fulbright also advised.

The Dubai-based Norton Rose Fulbright team was led by head of debt capital markets for the Middle East, Gregory Man, with assistance from senior associate, Ganna Vlasenko.

Gregory Man commented: “We are proud to have been involved in this transaction. This deal builds on Norton Rose Fulbright’s track record of advising on notable bond transactions in the region and once again provided us with the opportunity to represent many of our leading financial institutions clients.”

About Norton Rose Fulbright

We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3,700 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

Recognised for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

Global brochure

Dentons Law Firm in Hong Kong Scoops Pro Bono Award Trophy

Pro bono work is legal advice or representation provided free of charge by legal professionals in the public interest. This can be to individuals, charities or community groups who cannot afford to pay for legal help and cannot get legal aid or any other means of funding.

Dentons Hong Kong has received the Bronze Law Firm Award from the Law Society Pro Bono and Community Work Recognition Programme 2019. This programme aims at promoting and encouraging Hong Kong legal practitioners serving pro bono and community work.

Dentons is a multinational law firm. Dentons was the world’s 5th-largest law firm by revenue, with $2.9B gross revenue in fiscal year 2019. The firm is called Dentons in all languages other than Chinese, in which it is called 大成.

Hong Kong Partner Julianne Doe was also recognised for her outstanding dedication to pro bono and community service, by being the recipient of the Distinguished Community Service Award and the Individual Gold Award at the same programme.

Commenting on this achievement, Julianne, who is also Chair, Dentons’ WomenLEAD for Hong Kong, said: “These awards reflect our ongoing commitment to volunteering pro bono/community service, demonstrating creation of social value in our community and in line with our professionals’ global commitment to apply our legal and business skills, passionate commitment and boundless energy to helping others.

Not only do we get involved personally, we create a platform for young people to do so by participating in university initiatives which allow law students to come into our office and be inspired by the pro bono work we do.”

Dentons Hong Kong has a track record of assisting clients with business issues across the Asia Pacific region, including the People’s Republic of China, Taiwan, Korea, Japan, the Philippines and India.

Given the ease of doing business in Hong Kong and its status as an international financial hub, Dentons have become highly skilled in working with specialist colleagues from around the world on truly cross-border transactions.

An Enhanced Platform for International Arbitration Law

International arbitration is the preferred method of resolving cross-border disputes. The neutrality it offers, together with the relative ease of enforceability of awards, can make it a more attractive forum for disputes than litigating in contracting parties’ national courts.

Eversheds has further strengthened its Litigation and Dispute Resolution practice with the appointment of Wesley Pang as Partner in the Arbitration team.

Wesley has broad experience in advising global corporate clients on major, cross-border disputes. He also acts for clients on investor-State cases, on both contentious and non-contentious issues.

He joins the Eversheds practice from the Hong Kong International Arbitration Centre where he was Managing Counsel . Wesley’s arrival comes at an important time; arbitration is the preferred dispute resolution mechanism for clients in the energy and projects sectors and Asia’s share of these markets continues to grow, and increased activity is accompanied by demand for experienced disputes lawyers.

The arbitration market in Hong Kong is growing, and more generally across Asia. This sector-driven demand emanates in part by Chinese state owned enterprises and other Chinese organisations. Disputes in the energy and construction sectors are also increasing, in part as a result of China’s ‘Belt and Road’ initiative. Wesley is well-placed to advise these and other Asia-based and multinational organisations that are active in the region and globally.

Eversheds Sutherland Overview

Eversheds Sutherland is a global multinational law practice created by a combination of law firms Eversheds LLP and Sutherland Asbill & Brennan LLP, in February 2017, and is one of the 50 largest law practices in the world.