7 October, 2020
Davis Polk advised Mr. David Chow (Co-Chairman and Executive Director of Macau Legend), All Landmark Properties Limited and PacBridge Capital Partners (HK) Limited as the selling shareholders in connection with the HK$1.34 billion acquisition by Perfect Achiever Group Limited of approximately 20.65% of the entire issued share capital of Macau Legend Development Limited. The transaction was completed on October 5, 2020 and upon completion, Perfect Achiever and its concert parties owned approximately 67.44% of the total issued share capital of Macau Legend.
Macau Legend was incorporated under the laws of the Cayman Islands on October 5, 2006 and its shares are listed on the Main Board of The Stock Exchange of Hong Kong. Macau Legend is one of the leading owners of entertainment and casino gaming facilities in Macau and operates casino gaming facilities, shopping complexes, themed hotels, convention and entertainment complexes and other leisure facilities in Macau.
The Davis Polk corporate team includes partner Yang Chu, associates Kai Sun and Tracy Wu, and registered foreign lawyer Shifeng Ni. Members of the Davis Polk team are based in the Hong Kong office.
