Jefferies and J.P. Morgan - HK$455 million top-up placing of shares by CSI Properties Limited
Slaughter and May, Hong Kong, is advising Jefferies Hong Kong Limited and J.P. Morgan Securities (Asia Pacific) Limited, acting as joint bookrunners, in relation to CSI Properties Limited's top-up placing of shares, which involves the placing of existing shares and top-up subscription of new shares (the Shares) for a total consideration of HK$455 million (approximately US$58 million).
CSI Properties Limited intends to use the proceeds of the Shares for future property investment primarily in Hong Kong and Macau and for general working capital purposes.