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Guantao Law Firm

18/F, TOWER B, XINSHENG PLAZA, 5 FINANCE STREET, XICHENG DISTRICT, BEIJING 100032, CHINA
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Work +86 10 6657 8066
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Fax +86 10 6657 8016
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www.guantao.com
Beijing, Chengdu, Dalian, Guangzhou, Hong Kong, Jinan and 5 more

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Guantao Advised Hui Xian REIT on its Successful IPO in Hong Kong

May 2011

On April 29, 2011, Hui Xian Real Estate Investment Trust ("Hui Xian REIT" ) successfully listed on the Hong Kong Stock Exchange (Stock Code: 87001). The IPO of Hui Xian REIT is the first RMB-denominated IPO outside mainland China.

Hui Xian REIT issued 2,000,000,000 units globally, at the price of RMB 5.24 per unit. The listing raised approximately RMB 10.48 billion.

Hui Xian REIT, which focuses on commercial properties in Beijing, is a unit of Cheung Kong Group, the conglomerate controlled by Hong Kong tycoon Li Ka-Shing.

Guantao advised the underwriters, namely CITIC Securities International, HSBC and BOC International, on PRC law. Mr. Cui Liguo, Ms. Dong Jianjin and Ms. Zhan Yonghong were the leading partners of this project, with Ms. Wang Yan, Ms. Zeng Hong and Mr. Chen Xiaochuang as undertaking attorneys.

Hong Kong law firm Woo Kwan Lee & Lo advised Hui Xian on Hong Kong listing issues and Beijing's Commerce & Finance Law Offices acted as its China counsel.  The trust's Cayman Island legal issues were handled by Hong Kong-based Wilkinson & Grist. The underwriters were also advised by Linklaters's Hong Kong office.


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