12 December 2008
JSM recently advised China Overseas Land & Investment Ltd. (China Overseas) on its HK$2.5 billion open offer announced on 10 December 2008.
Over 7.8 billion shares are already in issue. The company proposes to raise funds through the issue of a further 314 million shares (approximately) at HK$8 per share.
Jeckle Chiu and Yuki Wong advised on the transaction. China Overseas is a property development and investment company that is a constituent of the Hang Seng Index as well as the Standard & Poors Global Property 40 Index.