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China Everbright’s US$1.3 Billion Acquisition of Hong Kong Grade-A Commercial Building

Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented Profit Plus Global Limited, a joint venture formed between China Everbright Limited and Everbright Real Estate Limited, in its acquisition of all the shares of SEA (BVI) Limited for US$1.3 billion. SEA (BVI) Limited indirectly owns Dah Sing Financial Center, a Grade A commercial building in Hong Kong’s Wanchai district. The transaction is expected to close in May 2016.

China Everbright Limited, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment business.

In January 2016, Paul Hastings advised Evergrande Real Estate on its US$1.6 billion purchase of Mass Mutual Tower, a prime office building in Hong Kong.

The Paul Hastings team was led by corporate partner Vivian Lam, with support from associates Bonnie Kong, Jeff Lee and Matt Li.

 

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.