Norton Rose Fulbright advises on US$425 million top-up placement by China Jinmao Holdings Group Limited

Business March 20, 2018

Global law firm Norton Rose Fulbright has advised on the HK$3.33 billion (US$425 million) top-up placement of 900.12 million shares by Chinese property developer, China Jinmao Holdings Group Limited.

The placing price of HK$3.7 per share involved the subscription of the 900.12 million shares by its controlling shareholder, Sinochem Hong Kong (Group) Company Limited. The same number of shares, which represented approximately 7.78% of the enlarged share capital of China Jinmao, were in turn sold to various third-party institutional investors including Kerry Holdings Ltd and New China Life Insurance Co., Ltd.

Norton Rose Fulbright advised HSBC acted as placing agent. Goldman Sachs (Asia) was also placing agent on the deal. The team on the deal was led by Head of Hong Kong Psyche Tai and included Hong Kong partner Vicky Lam and associate Timothy Lam.

For further information please contact:

Jessica Seah, Marketing and Communications Manager, Asia. Norton Rose Fulbright
Tel: +852 3405 2327
jessica.seah@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, the Middle East and Africa.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.