A Locke Lord team led by Wing Cheung (Hong Kong) represented China Sun Corporation, Central Eagle Limited and Golden Diamond Inc. as joint offerors in the acquisition of approximately 70% of the issued share capital of KEE Holdings Company Limited for the total consideration of approximately HK$546,852,000. Under the Hong Kong Takeovers Code, the transaction triggered a mandatory unconditional cash offer for all the issued shares not already owned by the joint offerors and parties acting in concert with them. The transaction was announced on 10 July 2019. Additional assistance was provided by Roger Wong, Brian Ng and Joey Sze (all of Hong Kong).
Posted on July 17, 2019