The property development arm of state-owned China Resources Group is expected to use the proceeds from the issues to purchase land parcels in Beijing, Shanghai and Shenzhen.
February 19, 2014 at 01:46 AM
1 minute read
The original version of this story was published on Global Lawyer News
Clifford Chance has advised China Resources Land Ltd. on a $2 billion medium-term notes program.
China Resources Land is the property development arm of China Resources Group, a Chinese state-owned enterprise based in Hong Kong. CR Land develops and invests in properties in mainland China. Analysts expect CR Land to use the proceeds from the issues to purchase land parcels in China’s most valuable real estate markets: Beijing, Shanghai and Shenzhen.
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