MoFo and Sidley act for Chinese developer on HK$4.35bn share placing
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.
Morrison & Foerster and Sidley Austin have advised Chinese property developer Evergrande Real Estate on a HK$4.35bn (£368m) share placing.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now