Paul Hastings Advises China Everbright on Greenway Venture Share and Loan Disposal
Hong Kong (May 29, 2012) - Paul Hastings, a leading global law firm, announced today that it advised China Everbright International Limited (China Everbright), a company whose shares are listed on the Hong Kong Stock Exchange, on the disposal of its 80% interest in Greenway Venture Limited (Greenway) and its shareholders loan due from Greenway for approximately RMB384.8 million and HK$188.6 million respectively to TransGlobal (Asia) Holdings Limited.
Greenway operates the Fuzhou Qinqzhou Bridge, a major bridge that connects to the Shenhai Expressway which runs from Shenyang City in Liaoning province (in the north of China) to Haikou City in Hainan province (in the south of China).
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