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

    Hong Kong office enhances financial disputes and regulatory capability with the addition of Rachel Yu.

    24 April 2019

    Helena Huang is appointed as Co-Chief Executive in the Hong Kong office.

    23 April 2019

    We advised on the successful application of Zhong An Virtual Finance Limited for a virtual bank licence from the Hong Kong Monetary Authority.

    02 April 2019

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

    11 March 2019

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.