Skip to main content

Paul Hastings has advised Profit Plus Global in a $1.3 billion (HK$10 billion) deal to buy all shares in SEA Holdings (BVI), which indirectly owns Dah Sing Financial Center, a Grade A commercial building located in Hong Kong’s Wanchai district. 

Profit Plus Global is a joint venture between financial services company China Everbright Ltd and its unit Everbright Real Estate. Paul Hastings corporate partner Vivian Lam oversaw the acquisition, which is expected to be completed in May 2016.

The 39-storey Dah Sing property has a gross floor area of approximately 400,113 sq ft, according to a statement by China Everbright Ltd to the Hong Kong Stock Exchange, and will be used as office space by the firm’s parent company, China Everbright Group, a state-owned enterprise that has extensive assets in industries including banking and tourism.

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.