Eversheds’ Hong Kong office has advised Chow Tai Fook Enterprises on its RMB2.36bn (£698m) purchase of the remaining stake in a key residential and commercial development in China.

Chow Tai Fook took 100% ownership of the 430,000 sq m development after acquiring the stake held by joint venture partner Shanghai Industrial Holdings. Eversheds partner Stephen Mok advised the Hong Kong-based company, assisted by corporate team members Kristie Law, Karen Wang and Gloria Chan.