Sidley recently advised Springland International Holdings Limited (Springland) (HKEX:1700) in its HK$4.5 billion privatization by Octopus (China) Holdings Limited by way of a scheme of arrangement under section 86 of the Companies Law of the Cayman Islands. DBS Asia Capital Limited is financial adviser to Octopus (China) Holdings Limited.

Springland has been listed on the Main Board of the Stock Exchange of Hong Kong since 2010 and is principally engaged in the operation of department stores and supermarkets in Mainland China.

The Hong Kong-based Sidley team was led by partner Raymond Oh and Christopher Cheng, with support from senior associate Janice Lam and associate Jason Shen.