Gemdale Corporation in joint venture with UBS
Date:
March 2008
Keywords (click to search): [Allen & Overy] [King & Wood]
Chinese property developer Gemdale Corporation signed a joint venture agreement with UBS AG Hong Kong Branch to establish an offshore investment platform. The 50/50 product joint ventures of UBS and the Shanghai-listed developer will focus on residential developments in the PRC, with expected total capital commitments to be up to US$300 million. Allen & Overy advised on Hong Kong Law, while King & Wood advised on PRC Law.
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