Sidley represented Sunac China Holdings Limited in its recent investment in three companies that are part of the Leshi Holding (Beijing) Co., Ltd. The aggregate RMB15 billion (approximately US$2.2 billion) investment consisted of an 8.61 percent equity interest in Leshi Internet Information & Technology Corp. (Beijing), a P.R.C.-listed company with a market capitalization of over RMB70 billion, as well as a 15 percent equity interest in Le Vision Pictures (Beijing) Co., Ltd. and an approximately 33.5 percent equity interest in Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd.

The Sidley team was led by partner Christopher Cheng with support from associate Selina Wong and senior legal manager Linda Ruan, all from the Hong Kong office.