DEALS
Zhong Lun Advises Sponsor in RMB 8 billion Refinancing of Merchants Property
Zhong Lun Advises Sponsor in RMB 8 billion Refinancing of Merchants Property
Release time：2008-07-02
Voice Announcements
Zhong Lun recently advised CITIC Securities, the sponsor for China Merchants Property Development Co., Ltd（Merchants Property, 000024.SZ）’s public offering of no more than 450 million new A-shares, which was examined and approved by the Issuance Examination Committee of China Securities Regulatory Commission on June 30, 2008. Zhong Lun’s team was led by senior partner Maoyuan Zhu and Limin Chen..
Merchants Property, a flagship of China Merchants Group’s subsidiaries focusing on real estate, plans to raise a total fund of RMB8 million by reissuing no more than 450 million new A-shares. The proceeds from this refinancing are expected to fund the company’s purchase of land use right and the development of real estate projects.
