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New Deal


Announced

Completed

Chinachem Group completed the acquisition of the D‧PARK mall in Tsuen Wan from New World Development for $513m.

Financials

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Transaction Value£405m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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shopping mall

Friendly

Single Bidder

Completed

Hong Kong

Domestic

Majority

Private

Diversified Retailers

Acquisition

Synopsis

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Chinachem Group, a corporate group, completed the acquisition of the D‧PARK mall in Tsuen Wan from New World Development, a Hong Kong-based company focused on property, hotels, infrastructure and services and department stores, for $513m. "Chinachem Group is delighted to have acquired D‧PARK mall and its carpark. Chinachem is confident about Hong Kong long-term economy and property market, and intends to hold the D‧PARK mall as a long-term investment," Chinachem.

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