Baker McKenzie is advising HNA Holding Group, as Hong Kong counsel, on its preconditional voluntary general offer, through its wholly owned Singapore-incorporated subsidiary, HNA Belt & Road Investments (Singapore), for all the issued and paid-up ordinary shares of CWT Limited for a total consideration of S$1.4 billion (US$1 billion).
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”4″ ihc_mb_template=”2″ ]
The deal constitutes a substantial acquisition of HNA Holding under the Hong Kong Listing Rules. HNA Holding is an investment holding company that is currently engaged in its businesses of property investment, management and development, as well as the provision of recreation and tourism services.
CWT Group is one of the largest owners and managers of warehouse and logistics real estate assets in Singapore.
The Baker team was led by partner Elsa Chan and special counsel Lee Man-chiu, of the firm’s capital markets group. They were assisted by associates Brian Wong and Jennifer Zhang.
[/ihc-hide-content]
