Deheng advises Dalian Wanda Commercial Properties Co., Ltd.

on Its Privatization Project

2016-09-30

On the afternoon of September 20, 2016, Dalian Wanda Commercial Properties Co., Ltd. (03699 HK) formally withdrawn H-shares on the Hong Kong Stock Exchange. According to composite offer and response document, the joint offerors shall purchase all H-shares issued by Wanda Commercial at HK$52.8 per share, so the transaction volume would be HK$ 34.45 billion , the largest privatization deal ever for Hong Kong stock market. From issuing the H Share Offer on March 30, 2016, until the successful delisting, Wanda Commercial only spent less than 6 months, completing the fastest privatization deal in Hong Kong stock market. 

In this privatization project, China International Capital Corporation Hong Kong Securities Limited worked as the exclusive financial adviser for the joint offerors, and Deheng Law offices acted as PRC legal counsel for the FA and provided comprehensive legal services for the privatization project. The DeHeng team was led by Partner Zhao Yanan, with the team member Wang Yali, Bi Yumei, Zhu Simeng, etc.