Sidley Advises CIFI Holdings in the Placement of New Shares

Sidley represented CIFI Holdings (Group) Co., Limited (“CIFI Group”) (HKEX: 0884) in connection with the placement of 185 million new shares, raising a total of approximately HK$11.53 billion (US$147 million).

Established in 2000 in Shanghai, CIFI Group is a leading real estate conglomerate whose business encompasses residential community services, long-term lease of condominiums, education, property management, pension, construction, funds management, interior design and more. CIFI Group operates across 80 cities in mainland China as well as in Hong Kong, Japan and Australia. It has developed more than 470 real estate projects and served over 300,000 property owners.

The Sidley team was led by partner Sherlyn Lau, with the support of counsel Anna Chow and associate Alex Chau.