Hospitality and tourism powerhouse Jin Jiang International was advised on the privatisation of Hong Kong-listed Jin Jiang Capital by Baker McKenzie FenXun.
The deal was made via merger by absorption with a cash consideration of about HKD4.3 billion (USD548 million). Baker McKenzie FenXun acted as PRC and Hong Kong legal counsel.
Jin Jiang Capital delisted from the HKEX as privatisation took effect.
Jin Jiang International is one of the largest hospitality conglomerates in China and a state-owned enterprise under the Shanghai authorities with Jin Jiang Capital as the controlling shareholders.
The deal was led by Hong Kong-based partner Christina Lee and Beijing-based partner Wang Hang of Baker McKenzie with support from special counsel Janice Wong and associate Ray Chan from Baker McKenzie’s Hong Kong office. Counsel Shirley You and associate Charlotte Cao from the international capital markets team of FenXun Partners’ in Shanghai also supported.
Partner Wang Yingzhe of FenXun provided PRC law advice assisted by associates Weng Wentao and Li Chaochen.
