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Suzanne Townley

News Editor, Solicitors Journal

Slaughters advise on $327m privatisation

60 Seconds
Slaughters advise on $327m privatisation


$2.57bn (US$327m) consideration will be paid in cash

Slaughter and May, Hong Kong, is acting for China International Capital Corporation Hong Kong Securities Limited, the financial adviser to China Jinmao Holdings Group Limited, in relation to the proposed privatisation of China VAST Industrial Urban Development Company Limited by China Jinmao. The privatisation will be implemented by way of a scheme of arrangement pursuant to the Companies Act of the Cayman Islands, a rollover arrangement, an offer for the cancellation of all outstanding share options and an offer for all outstanding convertible notes. The consideration of $2.57bn (US$327m) will be paid in cash.