DEALS
Zhong Lun Advises on Tian An China’s Sale of a Wholly-Owned Subsidiary
Zhong Lun Advises on Tian An China’s Sale of a Wholly-Owned Subsidiary
On January 6th, 2014, Tian An China Investments Company Limited (0028.HK) announced that, its fully owned subsidiary Silvery Horizon Holdings Limited has entered into an agreement with Leaderich Global Limited, to sell 100% of its equity rights in Silver Forest Holdings Limited for a total consideration of RMB 400million.
As the legal advisor of Tian An China, Partner SUN Wei of Zhong Lun Law Firm and his team provided fully-integrated legal services for the deal, ranging from designing of deal structure, drafting of documents and participation in negotiations.
Silver Forest, through its subsidiary, owns the land use right of Jinma Building in Dalian Development Area, with an aggregate total area of 19,421 square meters. Jinma Building was once the tallest building in Dalian and served as its administrative and commercial center. However, it was dismantled in 2011 for being out of repair and is going to be rebuilt.
Tian An China is listed in the Hong Kong Stock Exchange since 1987. Being a renowned developer focusing in mainland China, it boasts a series of landmark commercial real estate projects throughout Northern, Eastern and Southern China. The largest shareholder of Tian An China is Sung Hung Kai & Co. Limited.
