Baker McKenzie advised China International Capital Corporation Hong Kong Securities Limited (“CICC”) as the financial adviser to the offeror, Brilliant Bright Holdings Limited, a subsidiary of Beijing Enterprises Group Company Limited, in connection with the privatization of Beijing Properties (Holdings) Limited (stock code: 925) (“Beijing Properties”) by way of a scheme of arrangement under Section 99 of the Companies Act 1981 of Bermuda. The shares of Beijing Properties were delisted from the Hong Kong Stock Exchange on 29 August 2025.
Beijing Properties is principally engaged in real estate, including high-end and modern general warehouses, supply chain development, specialized wholesale market, industrial property, commercial property and primary land development.
The deal team, comprising lawyers from Baker McKenzie and FenXun, was led by Wang Hang, partner and co-head of Baker McKenzie’s China Capital Markets Practice, alongside Yolanda Zheng, partner at FenXun. The core team members also included Special Counsel Bonnie Lau and Associate Serena Shao. FenXun, a premier Chinese law firm, established a joint operation office with Baker McKenzie in China under the name Baker McKenzie FenXun in 2015.
Commenting on the deal, Yolanda Zheng said: “We are delighted to have advised our long-standing client, CICC, on this significant transaction. This deal underscores our deep expertise and proven track record in take-private transactions.”
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 fundraising 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 well positioned to guide clients through every stage of the process — providing valuable insights on regulatory developments that may affect the value and feasibility of cross-border transactions, as well as on ongoing compliance matters. The team also assists listed companies in the restructuring of shareholdings, the use of stock as consideration, and the execution of block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising through various schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
Beijing Properties is principally engaged in real estate, including high-end and modern general warehouses, supply chain development, specialized wholesale market, industrial property, commercial property and primary land development.
The deal team, comprising lawyers from Baker McKenzie and FenXun, was led by Wang Hang, partner and co-head of Baker McKenzie’s China Capital Markets Practice, alongside Yolanda Zheng, partner at FenXun. The core team members also included Special Counsel Bonnie Lau and Associate Serena Shao. FenXun, a premier Chinese law firm, established a joint operation office with Baker McKenzie in China under the name Baker McKenzie FenXun in 2015.
Commenting on the deal, Yolanda Zheng said: “We are delighted to have advised our long-standing client, CICC, on this significant transaction. This deal underscores our deep expertise and proven track record in take-private transactions.”
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 fundraising 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 well positioned to guide clients through every stage of the process — providing valuable insights on regulatory developments that may affect the value and feasibility of cross-border transactions, as well as on ongoing compliance matters. The team also assists listed companies in the restructuring of shareholdings, the use of stock as consideration, and the execution of block trades. Moreover, the team has extensive experience in advising clients on cross-border capital fundraising through various schemes, including the Shanghai-London Stock Connect and the China-Switzerland Stock Connect.
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