30 March, 2015

Baker & McKenzie recently advised HKSE-listed property developer Sino-Ocean Land Holdings Limited (“Sino-Ocean Land“) on its subscription of 40% of the equity interest in a joint venture with Nan Fung International Holdings Limited (“Nan Fung“) for the construction and development of residential and related facilities at MTRCL LOHAS Park Package Six Property Development in Tseung Kwan O, Sai Kung, Hong Kong. Sino-Ocean Land will contribute a total sum of approximately HKD 1.34bn to the joint venture upon completion of the subscription. The transaction allows Sino-Ocean Land to engage in the property development industry in Hong Kong. Nan Fung holds approximately 20.4% of the issued share capital of Sino-Ocean Land and is a substantial shareholder of Sino-Ocean Land.

The transaction is led by Christina Lee, corporate partner. Edmond Chan, partner in the real estate group, handled the real estate and development aspects in relation to the transaction.

Conventus Law