CapitaLand China buys Orient Overseas Developments
April 16, 2010 | BY
clpstaff &clp articlesCompleted in February, CapitaLand China Holdings (CapitaLand) has bought Orient Overseas Developments (OOD) for US$2.2 billion. CapitaLand acquired 100%…
Completed in February, CapitaLand China Holdings (CapitaLand) has bought Orient Overseas Developments (OOD) for US$2.2 billion. CapitaLand acquired 100% interest in the property investment holding company that conducts property development and investment in Greater Shanghai and Tianjin. The Singapore-based purchaser is one of Asia's largest real estate companies.
Baker & McKenzie corporate partner Jason Ng and real estate partner Edmond Chan led teams in Beijing, Hong Kong and Shanghai for CapitaLand. Representing the target were O'Melveny & Myers and Slaughter and May.
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