Shimao makes significant top-up placement in Hong Kong

May 09, 2009 | BY

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Shimao Property Holdings (Shimao) has successfully completed a HK$1.9 billion (US$240 million) top-up placement.Shimao is a Hong Kong-listed Chinese property…

Shimao Property Holdings (Shimao) has successfully completed a HK$1.9 billion (US$240 million) top-up placement.

Shimao is a Hong Kong-listed Chinese property developer. The company is the third to do a follow-on offering in 2009 so far.

Paul Hastings Janofsky & Walker advised Shimao in the offering, with partner Sammy Li leading. Morgan Stanley and JP Morgan were joint book-runners and Slaughter and May provided legal advice.

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