Deacons advises China State Construction on a HK$4.8 billion acquisition of the China Overseas Building in Hong Kong

Deacons recently advised China State Construction International Holdings Limited (CSCI) in relation to its HK$4.8 billion acquisition of China Overseas Land & Investment Limited’s entire interest of a company which indirectly owns the China Overseas Building in Wanchai, Hong Kong.

Deacons also advised CSCI, a Hong Kong listed company, on its issue of shares to its holding company, China Overseas Holdings Limited, raising gross proceeds of approximately HK$4.8 billion to be used for general corporate purposes (including financing the above acquisition and infrastructure projects in the PRC).

Both transactions constitute connected transactions subject to independent shareholders’ approval for CSCI.

The Deacons’ team is led by Eugina Chan, partner and co-head of the corporate finance practice group.

Key Contacts

Eugina Chan

Consultant | Corporate Finance

Email or call +852 2825 9786