Gemdale Corporation in joint venture with UBS

    | BY

    clpstaff

    Chinese property developer Gemdale Corporation signed a joint venture agreement with UBS AG Hong Kong Branch to establish an offshore investment platform.…

    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.

    This premium content is reserved for
    China Law & Practice Subscribers.

    • A database of over 3,000 essential documents including key PRC legislation translated into English
    • A choice of newsletters to alert you to changes affecting your business including sector specific updates
    • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
    For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]