Norton Rose Fulbright advised Beijing Capital Land Ltd. on its privatization and voluntary delisting of its H shares on the Stock Exchange of Hong Kong

Global Press release - Business September 2021

Global law firm Norton Rose Fulbright advised Beijing Capital Land Ltd (2868.HK) on its privatization by way of merger by absorption by Capital Group, the Company’s controlling shareholder, acting through a wholly-owned subsidiary and involving an aggregate payment of approximately HK$5.28 billion to the Company’s holders of H shares and non-H foreign shares.

Beijing Capital Land Ltd is a joint stock company incorporated in China and a leading large integrated real estate developer in the country. On September 30, the Company voluntarily withdrew the listing of its H Shares from the Stock Exchange of Hong Kong.

The Hong Kong team, advising on the privatization, was led by Head of Hong Kong and partner Psyche Tai and included counsel Rachel Chan and associate Timothy Lam.

Psyche Tai commented: “We are delighted to have assisted Beijing Capital Land on its privatization and voluntary delisting to support its future growth plans.”