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China Everbright’s US$1.3 Billion Acquisition of Hong Kong Grade-A Commercial Building

Hong Kong – Paul Hastings, a leading global law firm, announced today that it represented Profit Plus Global Limited, a joint venture formed between China Everbright Limited and Everbright Real Estate Limited, in its acquisition of all the shares of SEA (BVI) Limited for US$1.3 billion. SEA (BVI) Limited indirectly owns Dah Sing Financial Center, a Grade A commercial building in Hong Kong’s Wanchai district. The transaction is expected to close in May 2016.

China Everbright Limited, a member of state-owned enterprise China Everbright Group, is a Hong Kong listed conglomerate focusing on cross-border asset management and investment business.

In January 2016, Paul Hastings advised Evergrande Real Estate on its US$1.6 billion purchase of Mass Mutual Tower, a prime office building in Hong Kong.

The Paul Hastings team was led by corporate partner

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