07 03 2016

China Everbright acquires an Hong Kong Grade-A Commercial Building for $1.3 Billion

Paul Hastings has represented Profit Plus Global Limited, a joint venture formed between China Everbright Limited and Everbright Real Estate Limited, in its acquisition of all the shares of SEA (BVI) Limited for $1.3 billion


SEA (BVI) Limited indirectly owns Dah Sing Financial Center, a Grade A commercial building in Hong Kong’s Wanchai district. The transaction is expected to close in May 2016. China Everbright Limited, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment business. The firm, led by Zhefu Luo, Wu Shaohua, Zhichun Xie, Li Xueming and Changqing Yuan, is based in Beijing. In January 2016, Paul Hastings advised Evergrande Real Estate on its US$1.6 billion purchase of Mass Mutual Tower, a prime office building in Hong Kong. The Paul Hastings team was led by corporate partner Vivian Lam (Picture), with support from associates Bonnie Kong, Jeff Lee and Matt Li. Involved fees earner: Vivian Lam - Paul Hastings; Bonnie Kong - Paul Hastings; Jeff Lee - Paul Hastings; Matt Li - Paul Hastings;

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