11 04 2016

HNA proposed acquisition of 66% of Tysan Holdings Ltd

HNA Group Co has signed an agreement to acquire a controlling stake in Hong Kong-based construction and real estate company Tysan Holdings Ltd for HK$2.62 billion (approx. $340 million) from Tides Holdings II, a company controlled by Blackstone.


Tysan is listed on the Hong Kong Stock Exchange and is engaged in foundation filing, property development and property investment. Upon completion of the proposed acquisition, HNA Finance I will make a mandatory general offer for the entire issued share capital of Tysan other than the 66% already acquired from Blackstone. HNA Finance I is a wholly-owned subsidiary of the HNA Group, a PRC conglomerate with businesses in aviation, holdings, capital, tourism and logistics. Slaughter and May is advising HNA Finance I Co., Ltd. on the proposed acquisition with a Corporate team led by Clara Choi (partner, in picture), assisted by Eric Fung (associate), Alison Tsoi (associate) and Winnie Liang (associate). Involved fees earner: Clara Choi - Slaughter and May; Eric Fung - Slaughter and May; Alison Tsoi - Slaughter and May; Winnie Liang - Slaughter and May;

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