China Jinmao Holdings Group Limited’s $425 million Shares Placement

Norton Rose Fulbright has advised on the HK$3.33 billion (US$425 million) top-up placement of 900.12 million shares by Chinese property developer, China Jinmao Holdings Group Limited.

The placing price of HK$3.7 per share involved the subscription of the 900.12 million shares by its controlling shareholder, Sinochem Hong Kong (Group) Company Limited. The same number of shares, which represented approximately 7.78% of the enlarged share capital of China Jinmao, were in turn sold to various third-party institutional investors including Kerry Holdings Ltd and New China Life Insurance Co., Ltd.

HSBC acted and Goldman Sachs (Asia) acted as placing agents on the Transaction.

China Jinmao Holdings Group Limited invests in and develops real estate projects in the Peoples Republic of China. The company, led by Li Congrui, Jiang Nan and Gai Jiangao, in 2017 recorded $4.111 Billion Revenues.

Norton Rose Fulbright advised the placing agents with Psyche Tai (Picture), Vicky Lam and Timothy Lam.

Involved fees earner: Psyche Tai – Norton Rose Fulbright; Vicky Lam – Norton Rose Fulbright; Timothy Lam – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Goldman, Sachs & Co.; HSBC;


Author: Michael Patrini