EVENTS
Zhong Lun Advises SOHO China on Restructuring of Qianmen Project
Zhong Lun Advises SOHO China on Restructuring of Qianmen Project
Chinese commercial property developer SOHO China Limited announced on August 5, 2009 that it has formally signed an agreement to acquire more than 50,000 square meters of retail properties to the South of Tiananmen Square (Qianmen) through Beijing Danshi, a company controlled by SOHO Chairman Mr. Pan Shiyi.
The agreement was a restructuring of the original agreements entered into in early 2007, under which SOHO had the right to acquire from Beijing Danshi its 49% equity interest in the project.
Zhong Lun Law Firm has provided SOHO China comprehensive legal services in its entry and exit of the project, including the equity-for-ownership restructuring. The Zhong Lun team was composed of partners Zhang Xuebing, Hao Han and attorney-at-law Wen Na.