Morrison & Foerster and Sidley Austin have advised Chinese property developer Evergrande Real Estate on a HK$4.35bn (£368m) share placing. The placement saw the company sell one billion Evergrande shares – equivalent to around 6.7% of the company – at HK$4.35 each in a bid to raise funds. Sidley served as US and Hong Kong counsel to Evergrande, fielding a team led by the firm's head of corporate finance Huanting Timothy Li and corporate partner Constance Choy.
February 07, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Morrison & Foerster and Sidley Austin have advised Chinese property developer Evergrande Real Estate on a HK$4.35bn (£368m) share placing.
The placement saw the company sell one billion Evergrande shares – equivalent to around 6.7% of the company – at HK$4.35 each in a bid to raise funds.
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