Herbert Smith

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    CC Land Holdings, a leading property developer operating in western China, recently placed 360 million existing shares at HK$8.1 per share. The placing…

    CC Land Holdings, a leading property developer operating in western China, recently placed 360 million existing shares at HK$8.1 per share. The placing shares represent almost 20% of the issued share capital of the company and raised HK$2.92 billion. Herbert Smith advised Citigroup and Credit Suisse as placing agents, and also advised Citigroup as the sole placing agent for Shenzhen Investment on its placing of existing shares to raise HK$1.31 billion. A total of 200 million shares were offered at HK$6.56 per share.

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