Guiding Beijing Capital Grand on their path to privatization is the focus of our site.
Hong Kong-Based Law Firm Advises on Major Privatization Deals
In a series of notable transactions, our website's team has provided strategic advice on significant general offers and take-private transactions in Hong Kong. Most recently, we have been instrumental in guiding Beijing Capital Grand Limited (BCG, 1329.HK) through its privatization by its parent, Beijing Capital City Development Group Co., Ltd (BCCDG).
BCG, a leading developer and operator of shopping outlet properties in top-tier cities in China, is being privatized with the aim of enhancing business synergy and resource integration within Beijing Capital Group (Capital Group). The privatization offer is made for cash consideration and is subject to conditions, including requisite approvals from shareholders and the Cayman Islands Grand Court before delisting from the Hong Kong Stock Exchange.
This privatization marks the second time our team has advised Capital Group on such a transaction, following the take-private of Beijing Capital Land Co., Ltd in 2021. The team, led by corporate and securities partners Psyche Tai and Rachel Chan, supported by senior associate Timothy Lam, has demonstrated its expertise in navigating complex transactions in a fast-evolving market.
Psyche Tai, the Head of our Hong Kong office and corporate and securities practice, commented on the BCG privatization, expressing delight in having assisted the client in this intricate process. "I am pleased to have helped the client navigate this complex transaction and reinforce their business objectives in a rapidly changing market," said Tai.
In addition to the scheme of arrangement for BCG's privatization, a perpetual convertible bond securities offer is being made in parallel. For further information, please contact Louise Nelson, Head of PR - Europe, Middle East, and Asia, at Tel: 44 20 7444 5086 or Cell: 44 79 0968 4893.
