Jin Jiang Capital’s Privatization

Baker McKenzie FenXun advised Jin Jiang International Holding Company Limited on the deal.

Jin Jiang International Holding Company Limited partecipated in the privatization of Hong Kong-listed Shanghai Jin Jiang Capital Company Limited by way of merger by absorption under PRC law. The cash consideration paid by the Offeror was approximately HKD 4.3 billion. 

Jin Jiang International as the Offeror is one of the largest hotel and tourism conglomerates in terms of scale in the PRC. It is a state-owned enterprise controlled by Shanghai SASAC, and is the controlling shareholder of Shanghai Jin Jiang Capital. Orient Capital (Hong Kong) Limited and Nomura International (Hong Kong) Limited acted as the financial advisers to the Offeror.

The Baker McKenzie team was led by partners Christina Lee (Picture) and Hang Wang (Beijing) of Baker McKenzie, with support from special counsel Janice Wong and associate Ray Chan from Baker McKenzie (Hong Kong), and counsel Shirley You and associate Charlotte Cao from the International Capital Markets team of FenXun (Shanghai). Partner Yingzhe Wang of FenXun led the team that provided domestic Chinese law advice, with assistance from associates Wentao Weng and Chaochen Li from FenXun (Beijing).

Involved fees earner: Charlotte Cao – Baker McKenzie; Ray Chan – Baker McKenzie; Christina Lee – Baker McKenzie; Hang Wang – Baker McKenzie; Janice Wong – Baker McKenzie; Shirley You – FenXun Partners;

Law Firms: Baker McKenzie; FenXun Partners;

Clients: Jin Jiang International Holding Company Limited;