Lvgem (China) Real Estate Investment Company Limited (HKSE Stock Code: 95) recently announced that on November 30, 2015, Lvgem (China) Real Estate Investment Company Limited completed the very substantial acquisition, the placing and the new listing on the main board of the Stock Exchange of Hong Kong Limited.
The target group of this acquisition is a well known integrated property developer and commercial property operator established in 1995 in Shenzhen, which focuses on the development of urban boutique residences, community-based lifestyle and shopping centers and urban complexes in Shenzhen and the Pearl River Delta region. The consideration for this very substantial acquisition is HK$13.785 billion, which was settled by new issuance of shares and cash payment. Concurrently, Lvgem (China) Real Estate Investment Company Limited completed the placing of new shares to the investors and the net proceeds from the placing is HK$1,749.8million.
Global Law Office acted as the PRC counsel to Lvgem (China) Real Estate Investment Company Limited and provided a full range of legal services. Our team was led by our Shenzhen-based partners, Mr. Cheng Li and Ms. Jihong He as well as other team members include Furong Zhou and Danwei Wen.