Activity in the real estate sector in late 2009 provides some comfort to those who seek signs of economic recovery.
In November, Skadden Arps Slate Meagher & Flom represented China Real Estate Information Corporation (CRIC) in its US$248.4 million initial public offering of American depositary shares on the NASDAQ Global Select Market. The transaction was structured as a carve-out IPO from CRIC’s parent company, E-House China Holdings, a Chinese real estate services company listed on the New York Stock Exchange. In connection with the offering, CRIC also acquired the online real estate business of Sina Corporation, the internet portal also listed on NASDAQ, and Sina acquired a 33.4% ownership stake in CRIC. O’Melveny & Myers represented Credit Suisse Securities and UBS as joint bookrunners, and BofA Merrill Lynch as co-manager.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
