JSM advised Shui On Construction and Materials Limited ("SOCAM") on the Hong Kong Listing Rules compliance matters in respect of the disclosure of a 50:50 joint venture with China Central Properties Limited ("CCP") in relation to the development of a piece of land located in Chengdu, the PRC, with an initial investment value of RMB787 million and the disclosure of a 40:40:20 joint venture with CCP and another third party investor in relation to the development of a piece of land located in Shenyang, the PRC, with an initial investment value of US$149.6 million. The investments constituted discloseable transactions of SOCAM and were announced on 5 February 2008 and 20 February 2008 respectively.