Global law firm Norton Rose Fulbright has advised Beijing Capital Land Ltd on the acquisitions of four target companies and related shareholders’ loans from its controlling shareholder, Beijing Capital Group Co., Ltd, and its subsidiaries. The acquisitions involve an aggregate value of US$640 million.
The target companies hold property and primary land development projects in Chongqing, Shenyang and office properties in Beijing.
Beijing Capital Land is a leading integrated real estate developer in China and listed on the Hong Kong Stock Exchange. It primarily focuses on developing residential properties, outlets-backed integrated properties and urban core integrated complexes, complemented by innovative business areas such as primary land development and high-tech industry properties.
The acquisitions follow Beijing Capital Land’s proposed A-share offering and listing in China. They constitute a major and connected transaction under the listing rules of the Hong Kong Stock Exchange and are subject to the approval of its shareholders in the company’s general meeting.
The Norton Rose Fulbright team was led by Hong Kong partner Psyche Tai, assisted by of counsel Rachel Chan, associate Timothy Lam and trainee Michelle Ma.
For further information please contact:
Jessica Man, Marketing and Communications Executive, Asia
Tel: +852 3405 2445
Notes for editors:
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