Baker McKenzie advised June Glory International Limited (the Offeror), a subsidiary of China Minmetals Corporation, in connection with the privatization of Minmetals Land Limited (stock code: 230) (Minmetals Land) by way of a scheme of arrangement under Section 99 of the Companies Act 1981 of Bermuda. The shares of Minmetals Land are expected to be delisted from the Hong Kong Stock Exchange on 3 March 2026, following the approval of the scheme at the Court Meeting and the Special General Meeting held on 9 February 2026, and the anticipated court sanction later in this month.
Minmetals Land is principally engaged in the business of real estate development, property management, specialized construction and property investment.
The deal team, comprising of lawyers from Baker McKenzie and FenXun*, was led by Wang Hang, partner and co head of Baker McKenzie’s China Capital Markets Practice, together with Yolanda Zheng, partner at FenXun International Capital Market Practice. Core team members included Special Counsel Bonnie Lau, Senior Associate Michael Chau, Associate Serena Shao, and Vicky Ding.
Commenting on the deal, Wang Hang said: “This privatization involved an accelerated timeline and multi jurisdiction regulatory considerations. We are pleased to have supported our client throughout this complex process. The successful progression of the deal underscores the strong cross border capabilities of the Baker McKenzie and FenXun joint operation platform, particularly in advising on strategic transactions involving major state owned enterprises.”
Yolanda Zheng also commented: “We are delighted to have advised on this significant privatization transaction. The deal further demonstrates our strong capabilities and extensive track record in take private matters involving Hong Kong listed companies.”
*Baker McKenzie established a joint operation office with FenXun in China as Baker McKenzie FenXun, approved by the Shanghai Justice Bureau in 2015.