O’Melveny Represents Central China Real Estate Limited in US$132 Million Share Issuance6月 07, 2018
FOR IMMEDIATE RELEASE
HONG KONG—June 7, 2018—O’Melveny represented Central China Real Estate Limited (CCRE) in its issuance of new shares to Joy Bright Investments Limited and third party subscribers. Approximately US$132 million was raised from the issuance.
Joy Bright Investments Limited is solely and beneficially owned by CCRE’s chairman and executive director, Mr. Wu Po Sum. Upon closing of the transaction, Mr. Wu would control over 50% of CCRE. The transaction involved a whitewash waiver application under the Hong Kong Takeovers Code and has been approved by independent shareholders.
The O’Melveny team was led by partner Edwin Kwok and included counsel Lillian Cheung, associate Wendy Kan, and trainee solicitor Edward Poon.
CCRE is a Hong Kong-listed real estate development company and is a leading property developer in China’s Henan province. In addition to residential and commercial properties, it also invests in hotels and cultural tourism projects.About O’Melveny
It’s more than what you do: it’s how you do it. Across sectors and borders, in board rooms and courtrooms, we measure our success by yours. And in our interactions, we commit to making your O’Melveny experience as satisfying as the outcomes we help you achieve. Our greatest accomplishment is ensuring that you never have to choose between premier lawyering and exceptional service. So, tell us. What do you want to achieve? Visit us at omm.com.
O’Melveny & Myers LLP
+86 21 2307 7080