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Clifford Chance advises Beijing Capital Group on privatisation of Beijing Capital Land

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11 October 2021

Clifford Chance advises Beijing Capital Group on privatisation of Beijing Capital Land

Leading international law firm Clifford Chance advised Beijing Capital Group Co., Ltd. (BCG) on the privatisation, through its wholly-owned subsidiary, of Beijing Capital Land Ltd. (BCL), a company incorporated in the PRC and listed on the Hong Kong Stock Exchange. The privatisation was implemented by way of merger by absorption and was announced on 9 July 2021. The merger has become effective and the shares of BCL have been delisted from Hong Kong Stock Exchange on 30 September 2021.

BCL is a leading large integrated real estate developer in the PRC, focusing primarily on developing the four main business streams of residential property development, integrated outlets, urban core integrated complex and primary land development, complemented by innovative business areas such as high-tech industrial properties, creative industries, and rental housing.

BCG is a state-owned enterprise under the direct supervision of the Beijing Municipal Government.

The deal draws upon the firm's market leading practices in Hong Kong office. The team comprises:

  • Partner Amy Lo, consultant Tommy Tam, senior associate Eunice Leung, associate Anson Wong and trainees Sylvia Wong and Timothy Nip, who are advising on the privatisation;
  • Partners Connie Heng and Angela Chan and senior associate Torrance Shi, who are advising on the bonds issued by BCL;
  • Partner Vicky Ma and associate Varian Koh, who are advising on the bank loans of BCL; and
  • Partner Terry Yang and senior associate Li Yan, who are advising on the derivatives of BCL.

This is the third merger by absorption advised by Clifford Chance in 2021, after the successful privatisation of Shanghai Prime Machinery Company Limited and China Machinery Engineering Corporation.


国际领先律师事务所高伟绅近日就北京首都创业集团有限公司(“首创集团”)通过其全资子公司对首创置业股份有限公司(“首创置业”)的私有化提供法律服务。首创置业是一家于中国注册成立并在香港联交所上市的公司。本次私有化交易采用吸收合并方式,并于 2021 年 7 月 9 日刊发公告。该合并交易已生效,首创置业已于 2021 年 9 月 30 日在香港联交所退市。




  • 合伙人罗秀娴(Amy LO)及团队成员谭诗聪(Tommy TAM)、梁咏愉(Eunice LEUNG)、黄炜杰(Anson WONG)、汪嘉敏(Sylvia WONG)和聂智峰(Timothy NIP)就私有化事务提供法律服务;
  • 合伙人王彦琳(Connie HENG)和陈菀淇 (Angela CHAN)及团队成员施超(Torrance SHI)就债券事务提供法律服务;
  • 合伙人马颖琪(Vicky MA)及团队成员许宏德 (Varian KOH)就银行融资事务提供法律服务;
  • 合伙人杨大志(Terry YANG)及团队成员李燕 (Yan LI)就衍生品事务提供法律服务。