Baker McKenzie advised CMB International Capital Limited ("CMBI"), the financial adviser to the offeror, Falcon Holding LP ("Falcon"), in connection with its acquisition of approximately 70.92% shareholding in Shandong Fengxiang Co., Ltd. ("Shandong Fengxiang") and the mandatory general offer for all the issued H shares in Shandong Fengxiang (other than those already owned by or agreed to be acquired by Falcon).

Falcon is a limited partnership whose general partner is Falcon Holding GP Limited, a company directly 100% owned by PAG Capital Limited.  

Shandong Fengxiang is a white-feathered broiler meat exporter and retail enterprise of chicken meat food in China. Shandong Fengxiang's H shares are listed on the Main Board of the Hong Kong Stock Exchange.

A cross-practice team of transactional specialists worked on this transaction, led by Capital Markets Partner Christina Lee. Also involved in this transaction were Partner Brian Wong and Associate Michael Chau from the capital markets team; and Partner Derek Poon and Associate Curtis Tse from the private equity team, who advised on the PE aspects of the transaction.

Commenting on the deal, Christina Lee said, "Drawing on our strong experience in public M&A and private equity transactions, we are very pleased to have assisted CMBI to demonstrate fund proof unconventionally and successfully bring this deal to a close."

Baker McKenzie is one of the leading firms for complex transactions, providing strategic advice on deals involving the world's leading financial institutions and multinational companies. The Firm regularly advises target companies, offerors, selling shareholders and financial advisers on the acquisition and disposal of companies listed on stock exchanges in key major financial centers, as well as issuers on their proposed listing and fund-raising activities in different jurisdictions. With many of its lawyers enjoying established working relationships with local regulators in Hong Kong and other key markets, the Firm is able to guide clients through all stages of the process, providing valuable insights on regulatory developments that could impact the value and feasibility of cross-border transactions, as well as on ongoing compliance issues. The team also assists listed companies in the restructuring of shareholdings, use of stock as consideration, and block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fund raising under different schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
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