Press Release

Morrison & Foerster Advises BOCI and UBS in Sino-Ocean Land Holdings Limited’s US$684 Share Placement

Shareholder COSCO sells stake in one of Beijing’s largest property development companies

1/24/2011

Hong Kong, January 24, 2011 – Morrison & Foerster represented BOCI Asia Limited and UBS AG as placing agents in the US$684 million placing of shares of Hong Kong-listed Sino-Ocean Land Holdings Limited ("Sino-Ocean") by its shareholder COSCO International Holdings Limited ("COSCO"). COSCO sold its entire stake of 949,937,399 shares in Sino-Ocean as part of the company's plan to divest its non-core investments.

Sino-Ocean Land Holdings Limited currently ranks as one of the 10 largest publicly-listed property companies in Hong Kong and Beijing.

The transaction team was led by Hong Kong partner Charles Chau.

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