On December 21, 2005, China Resources Land Limited (HK1109) completed the acquisition from its controlling shareholder China Resources Holdings Limited the ownership of several premium properties. The properties being acquired are located in Beijing, Shanghai and Shenzhen, respectively. The consideration is HKD3,195,273,161, settled by cash and new shares. The stock price of CR Land hiked significantly once the acquisition was announcement. Global's team comprising Jinrong Liu, Kevin Hua Zeng and Chengwei Liu, as the PRC legal counsel, advised CR Land on this acquisition.