Guantao Acts As PRC Legal Counsel toCheung Kong and Hutchison on Reorganisation, Spin-Off and Listin-北京观韬律师事务所

Guantao Acts As PRC Legal Counsel toCheung Kong and Hutchison on Reorganisation, Spin-Off and Listin

2016-10-14

HOME > GUANTAO NEWS > Deals > Guantao Acts As PRC Legal Counsel toCheung Kong and Hutchison on Reorganisation, Spin-Off and Listin

Cheung Kong (Holdings) Limited ("Cheung Kong") and Hutchison Whampoa Limited ("Hutchison") have, through a series of restructurings and spin-offs, newly formed two companies - CK Hutchison Holdings Limited ("CK Hutchison") (HK.00001) and Cheung Kong Property Holdings Limited ("CK Property") (HK.01113). Following CK Hutchison’s earlier listing on the Hong Kong Stock Exchange ("HKEx") after the group's successful reorganisation, CK Property has also been listed on the Main Board of the HKEx by way of introduction on 3 June 2015.The delisting of Hutchison from HKEx on the same day basically brought to a close the broader reorganization plans of the two flagship companies under Li Ka-shing's business empire, as announced early this year.

CK Property, which obtains all of the real estate assets of both Cheung Kong and Hutchison, will have a property portfolio worth around HKD 420.1 billion (or approximately RMB 330 billion),including 15.8 millionsquare meters of land bank with 14.5 million square meters in the mainland of China, 1.6 million square meters of rental properties, as well as three real estate investment trusts (REITs).

The reorganisation, spin-off and listing plans involve a large scale of entities and properties in mainland China. Acting as PRC legal counsel to Cheung Kong and Hutchison(working in close cooperation with co-counsel Commerce & Finance Law Offices, with each firm having separate roles and responsibilities) , we have, through integrated coordination and management from the Beijing Head Office and leveraging our local resources in five of our other offices in different cities, provided efficient and high quality Chinese legal services throughout the restructuring, spin-off and listing process, dubbed the “Restructuring of the Century”. Our services, which include conducting detailed legal R&D and analysis, a large number of case studies, and communications with government officials, have been highly recognised and praised by the client.

The Guantao team for this project was led by partners Mr. Cui Liguo, Ms. Xu Ling and Ms. Su Bo.

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