Bell Gully scores recapitalisation, proposed NZX listing work

by Sol Dolor30 Oct 2017
Bell Gully has scored two major deals from a fintech company blazing trails in the real estate sector.

Bell Gully advised Capital Trust Group Limited (CTG) on its recent recapitalisation. The firm has also been appointed by the company to act on its proposed NZX listing and IPO. This work includes coordinating with foreign law firms for security offerings in other countries.

Leading the Bell Gully team is Wellington-based partner Dean Oppenhuis.

CTG’s current flagship project is the US$2.2bn wholesale city called “Trust City” in Thailand. It is the sole asset-backed token and initial coin offering backbone provider for the project.

“Trust City” is expected to be the largest wholesale city and fintech hub in Southeast Asia by 2020. The project aims to have 20,000 wholesale clients, 12,000 condominium units, a business hotel, a 5-star hotel, a fintech business tower, and a luxury private airport.

CTG plans to use blockchain technology to enable wholesale clients to invest in the project, Bell Gully said.

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