Zhong Lun Hong Kong advised Yupei International Investment Management Co., Ltd. in relation to its sale of 26.38% interests in China Logistics Property Holdings Company Limited (Stock Code: 1589) (“CNLP”) triggering possible conditional mandatory general offer.

The Hong Kong team consists of corporate finance partner Henry Lau, consultant Kenneth Lam and associate Chloe Yip, advised on the sale valued at HK$3.99 billion to be followed with possible conditional mandatory general offer made by JD.com at the total enterprise value of HK$16.4 billion.

CNLP is listed on the Main Board of the Hong Kong Stock Exchanges, principally engaged in the leasing of storage facilities and the related management services in the PRC.