Baker McKenzie advised China International Capital Corporation Hong Kong Securities Limited (CICC) as the financial adviser to the offeror, a subsidiary of PAG, in connection with the privatization of Shandong Fengxiang Co., Ltd. (Stock Code: 9977) (“Shandong Fengxiang”) by way of merger by absorption. The shares of Shandong Fengxiang were delisted from the Hong Kong Stock Exchange on 31 July 2025.
Shandong Fengxiang is a white-feathered broiler meat exporter and retail enterprise for chicken meat food in China.
The deal team, comprising lawyers from Baker McKenzie and FenXun, was led by Christina Lee, partner and co-head of Baker McKenzie’s Asia Pacific Capital Markets Practice. Other team members included Yolanda Zheng, partner at FenXun, and Daisy Chen, senior associate at Baker McKenzie. 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, Christina Lee said, “We are delighted to have supported CICC on this transaction, which builds on our deep expertise and extensive experience in take-private deals.”
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.
Shandong Fengxiang is a white-feathered broiler meat exporter and retail enterprise for chicken meat food in China.
The deal team, comprising lawyers from Baker McKenzie and FenXun, was led by Christina Lee, partner and co-head of Baker McKenzie’s Asia Pacific Capital Markets Practice. Other team members included Yolanda Zheng, partner at FenXun, and Daisy Chen, senior associate at Baker McKenzie. 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, Christina Lee said, “We are delighted to have supported CICC on this transaction, which builds on our deep expertise and extensive experience in take-private deals.”
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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