DEALS
Zhong Lun Advised Warburg Pincus & Co. on Acquisition of Shares in Franshion Properties
Zhong Lun Advised Warburg Pincus & Co. on Acquisition of Shares in Franshion Properties
On 27 September 2010, US private equity firm Warburg Pincus & Co. acquired 548,280,000 shares in Franshion Properties (China) Limited, thereby taking 5.98 per cent shareholding in the company.
Zhong Lun Law Firm represented Warburg Pincus & Co. in conducting legal due diligence on Franshion’s 16 real estate projects in Beijing, Shanghai, Qingdao, Sanya, Zhuhai, and Yunnan in a very short period of time. Those real estate projects involved are all significant across the company’s four business segments – property development, property leasing, hotel operations and projects reserved for development.
Franshion Properties (China) Limited is a flagship real estate developer of Sinochem Corporation and was publicly listed on the Hong Kong Stock Exchange in 2007.