Conyers provided Cayman law advice to Springland International Holdings Limited (“Springland”) in its privatization by way of a scheme of arrangement by Octopus (China) Holdings Limited and its subsequent delisting from the Hong Kong Stock Exchange. The cash required for the privatisation of Springland was about HK$4.5 billion.
Springland is a leading conglomerate in the retail industry focusing on the investment and mangement shopping malls and supermarket chains, such as Huadi, Yaohan, and T&T Supermarket, in the Yangtze River Delta in China.
Partners Teresa Tsai and Ben Hobden of Conyers’ Hong Kong and Cayman Islands offices, and Hong Kong Associate Hollia Lam advised on the matter working alongside Sidley Austin.
