LawFuel.com – Lawyer Newswire – International law firm Eversheds is advising New World China Land on one of the largest secondary offerings this year in Hong Kong.
New World China Land Limited is one of the largest and most comprehensive national developers and is the Mainland China property flagship of the New World Group.
The rights issue is underwritten by BOCI Asia and HSBC.
Hong Kong Head of corporate Stephen Mok led the Eversheds team of experts, assisted primarily by corporate associates Norman Hui and David Lau.
Stephen Mok commented:
“The launch of Eversheds in Hong Kong in March coincided with the start of a sustained recovery of the city’s equity markets. We have been actively involved in a string of fundraising transactions, including the present rights issue offering for New World China Land. The New World Group is a long standing client and we are extremely pleased to be with them on this deal.”
The Eversheds Hong Kong team led by Stephen also recently advised BOCI Asia Limited as the financial adviser and underwriter on a HK$400 million rights issue by PYI Corporation Limited, a company principally engaged in the business of development and investment in port and other infrastructure projects.