SOCAM completes China Central Properties takeover

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    Shui On Construction and Materials has completed its privatisation takeover of China Central Properties

    Hong Kong stock exchange-listed Shui On Construction and Materials Limited (SOCAM) has completed its privatisation takeover of property investment company China Central Properties (CCP), which is listed on the London Alternative Investment Market.

    Holding approximately 43% of CCP's shares before the takeover, SOCAM turned to a Mayer Brown JSM team for advice led by Jacqueline Chiu in Hong Kong and Andrew Sharples in London. Zhong Lun provided PRC law advice while Deutsche Bank acted as SOCAM's financial adviser.

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