Slaughter and May advises Citi on the HK$767 million placing of China Logistics shares

Slaughter and May, Hong Kong, advised Citigroup Global Markets Limited, as the placing agent, in relation to the placing of 220,000,000 new shares in China Logistics Property Holdings Co., Ltd (China Logistics). The net proceeds from the placing were approximately HK$767 million, and the placing was completed on 17 June 2021. China Logistics intends to use the net proceeds for its investments and acquisitions in land, the construction and development of warehousing facilities and general working capital.

China Logistics is an investment holding company, which is principally engaged in the manufacture and sales of premium logistics facilities and is one of the largest logistics infrastructure and service providers in China.