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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.

高伟绅就首创置业的私有化为首创集团提供法律服务

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。

首创置业是中国领先的大型地产综合运营商,主要致力于住宅物业开发、奥特莱斯综合体、城市核心综合体及土地一级开发等四大核心业务线,并以高新产业地产开发、文创产业地产开发及长租公寓等创新业务为补充。

首创集团是北京市国资委直属的大型国有企业集团。

高伟绅中国大陆和香港办公室的多个业务部门联合为本交易提供了全方位的法律服务,具体包括:

  • 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。

本次交易是继上海集优机械股份有限公司、中国机械设备工程股份有限公司私有化交易后,高伟绅于本年度参与完成的第三宗吸收合并交易。