[photopress:Jersey.jpg,full,alignright]China Real Estate Opportunities, a Jersey-incorporated firm aiming to invest in the Chinese property market, said it planned to raise £260 million ($519.7 million) via a share sale in London’s junior market. (Companies are registered in Jersey in the Channel Islands because the tax climate and many of the company regulations there are much more favorable than London. It is a beautiful place as shown in the illustration.)
The company intends to place up to 34.4 million shares at a price of £7.56 apiece and the proceeds will be used to fund the acquisition of investment and development properties.
Not much more is said that in the release. In Britain it would be normal to consider a company registered in Jersey with special care and caution. It is an excellent tax minimization refuge but it does not operate under the strict regulatory regime of other countries.
Source: Reuters