FORTIS LAW CHINESE NEW YEAR LUNCH
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Hong Sun Development Group Limited
Fortis Law Corporation’s corporate team acted for Hong Sun Development Group Limited in the disposal of its 15% interest in a company incorporated in the People’s Republic of China (the “PRC Company”).
The PRC Company in turn holds the entire interest of a commercial building in Chongqing to a purchaser which is a sponsor of a real estate investment trust.
The consideration payable to Hong Sun Development Group Limited for the disposal was RMB190 million, part of which may be satisfied by way of issuance of units in the real estate investment trust.
Haitong International Securities (Singapore) Pte. Ltd.
(collectively the “Notes”) by a British Virgin Islands incorporated Notes issuer.
Pursuant to certain financing arrangements, the Notes were guaranteed by inter alia deeds of guarantee, securities purchase agreement and notes purchase agreements (relating to units in a real estate investment trust listed on the Singapore Exchange Securities Trading Limited).