Hong Kong - Paul Hastings announced today that the firm represented Hong Kong-listed Evergrande Real Estate Group Limited (“Evergrande”), China’s second largest property developer by sales, in  its US$1.6 billion acquisition of Pioneer Time Investment Limited, a company incorporated in the British Virgin Islands with limited liability, from Chinese Estates Holdings Limited. The principal asset of the target is a Grade A office and commercial building in Hong Kong, in the core area between Admiralty and Wan Chai.

The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, and corporate partner Vivian Lam, with support from associates Bonnie Kong, Jeff Lee, Urania Chan and trainee solicitor Charles Wong.