Norton Rose Fulbright advises China Minsheng Jiaye Investment Co., Ltd. on HK$3,014 million acquisition
Business | November 28, 2016
Global law firm Norton Rose Fulbright has advised Jiayou (International) Investment Limited, an indirect wholly-owned subsidiary of China Minsheng Jiaye Investment Co., Ltd., on its acquisition of approximately 53.02% of the issued share capital of Yida China Holdings Limited, at a total consideration of HK$3,014 million.
The acquisition will trigger a general offer obligation on Jiayou (International) Investment Limited for acquiring all the shares not already owned by itself and its concert parties. HSBC is the financial adviser of Jiayou (International) Investment Limited. The vendor will retain approximately 9.34% of the issued share capital of Yida China upon completion of the acquisition and has undertaken not to accept the general offer in respect of such shares.
China Minsheng Jiaye Investment Co., Ltd., as an important platform of China Minsheng Investment Corp., Ltd., specialises in financial real estate, industrialised construction, and medical and health investment.
China Minsheng Investment Corp., Ltd. is an international private investment group founded in Shanghai, with a wide variety of businesses including equity investment, equity investment management, business consulting, financial consulting, industrial investment, asset management and investment consulting. Initiated by the All-China Federation of Industry and Commerce in China, the group was launched by 59 large-scale private enterprises in China, some of which are among China's top 500 companies.
The Norton Rose Fulbright team was led by Hong Kong partner Psyche Tai, with assistance from of counsel Rachel Chan, associates Timothy Lam and Mavis Lee.
For further information please contact:
Jessica Man, Marketing and Communications Executive, Asia
Tel: +852 3405 2445
jessica.man@nortonrosefulbright.com
Notes for editors:
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.
