JSM Advised Great Eagle on a Series of Major Transactions
29 February 2008
JSM advised Great Eagle Holdings Limited ("Great Eagle") on the sale of the retail, carpark and certain office portions of Langham Place to Champion Real Estate Investment Trust ("Champion REIT") for a total consideration of around HK$12.5 billion and expected to be settled partly in cash and partly by new units in Champion REIT. Great Eagle may also subscribe and acquire new units and convertible bonds which Champion REIT may issue as part of its fund raising exercise for the acquisition.
The project involves a series of major transactions of Great Eagle under the Listing Rules and JSM is asked to represent Great Eagle in dealing with the Hong Kong Stock Exchange.