05 October 2018

King & Wood Mallesons advises on Qingdao West Coast’s HK$1.05 billion general offer

King & Wood Mallesons represented Qingdao West Coast Holdings (Internation) Limited (Qingdao West Coast) as the offeror under the laws of the Hong Kong SAR in the unconditional mandatory cash offer (the “General Offer”) to acquire all the issued shares in the Hong Kong-listed Prosper Construction Holdings Limited (Prosper Construction, Stock code: 6816), a company listed on the Main Board of The Stock Exchange of Hong Kong.

The General Offer was successfully completed on 3 October 2018 at approximately HK$1.32 per share of Prosper Construction, valuing at more than HK$1.05 billion. Guotai Junan Capital Limited acted as Qingdao West Coast’s financial adviser.

The ultimate parent company of Qingdao West Coast is a PRC state-owned group which is principally engaged in infrastructure construction, land and real estate development and other industrial investments and operations including the provision of cultural, tourism and financial services. Prosper Construction and its subsidiaries are principally engaged in the provision of marine construction services and leasing and trading of vessels.

The KWM Hong Kong team was led by Dr. Sheldon Tse, Partner and Head of Corporate & Securities, with support from senior associate Jeff Wong, associates Angela Chung, Christine Lau and registered foreign lawyer Jane Bu. 

Media contact

Share on LinkedIn Share on Facebook Share on Twitter Share on Google+
    You might also be interested in

    The launch of the Greater Bay Area Homeland Development Fund to support technological innovation in GBA region.

    11 March 2019

    Our Hong Kong DCM team is maintaining a robust track record in the high-yield space in 2019, having advised on a number of high-profile debt offerings.

    04 March 2019

    KWM advises on Chongqing Banan Economic Park’s S$150 million credit enhanced bonds

    04 February 2019

    GTA Semiconductor's HK$2.3 billion privatisation of ASMC by way of merger by absorption, which is not often seen in the market.

    23 January 2019

    This publication has been downloaded from the King & Wood Mallesons website. It is provided only for your information and does not constitute legal or other advice on any specific matter. If you require or seek legal advice you should obtain such advice from your own lawyer, and should do so before taking, or refraining from taking, any action in reliance on this publication. If you have any questions, please contact King & Wood Mallesons. See www.kwm.com for more information.