Appleby acted as BVI, Cayman Islands and Jersey counsel for Vanke Property (Overseas) Limited (Vanke Property) in relation to a due diligence exercise on a total of five BVI, Cayman Islands and Jersey targets and their subsidiaries in a very substantial acquisition and connected transaction involving a total cash consideration equivalent to approximately HKD 1,138.34 million.
The Appleby Hong Kong team provided both BVI and Cayman Islands advice on the transaction and was led by Co-Managing Partner and Local Corporate Practice Group Head Judy Lee, Partner, Paul Cheuk and assisted by Legal Manager, Minnie Choi. Jersey counsel was provided by Managing Partner and Local Corporate Practice Group Head Wendy Benjamin, assisted by Paralegal, Grainne O’Brien.
Vanke Property is principally engaged in property development and investment as well as real estate asset management activities in Hong Kong, the UK and the US and is listed on The Stock Exchange of Hong Kong Limited (stock code: 01036).
Judy commented “This transaction demonstrates the true breadth and connectivity of Appleby’s network. We were able to provide Vanke Property with one point of contact for BVI and Cayman Islands advice through our Hong Kong office and work closely with our Jersey team on this substantial transaction.”
Appleby have one of the world’s largest offshore regulatory and compliance teams, comprised of experts who not only have first-hand knowledge of local regulation, but who have in many cases, helped to shape it. Our team is skilled at putting technical regulatory information and decision-making in a commercial context, and clients know that we can assemble the team to deliver an international service, quickly and seamlessly.