Sidley recently represented China Evergrande Group (HKEX: 3333) (China Evergrande) in connection with its introduction of 14 strategic investors for its property management business for an aggregate consideration of HK$23.5 billion. The strategic investment will introduce a number of renowned strategic investors to China Evergrande’s property management business, including Chan Hoi Wan – controlling shareholder of Chinese Estates Holdings Limited, Sequoia Capital, Yunfeng Capital, Tencent, CITIC Capital, ABC International, China Everbright Limited, Huatai International Greater Bay Area Investment Limited, and others.
China Evergrande Group is a conglomerate ranked 152 by Fortune Global 500 and is principally engaged in property development, property investment, property management, the new energy vehicle business, the internet business, and the healthcare business in the PRC.
The Sidley team was led partners Constance Choy and Christopher Cheng, with support from associates Charlie Gu and Jason Shen, and Hong Kong-registered foreign lawyer (New South Wales) Ruby Kong.
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