Norton Rose Fulbright is advising Beijing Capital Land Limited and Beijing Capital Group on an acquisition of approximately 66 per cent of the issued share capital of Juda International Holdings Limited.

The transaction is for a total consideration of HK$351.12 million and will trigger a general offer obligation on Beijing Capital Land for acquiring all the shares not already owned by itself and its concert parties. HSBC is the financial adviser to Beijing Capital Land Limited in its capacity as the offeror.

A call option was also structured in which Beijing Capital Land in the acquisition was obliged to tender its remaining shares for acceptance under the general offer. If the call option is exercised in full, Beijing Capital Land Ltd. and Beijing Capital Group will hold in aggregate 75 per cent of the issued share capital of Juda International Holdings Limited.

Juda International Holdings Limited is a company listed on the Hong Kong Stock Exchange. It is an investment holding company principally engaged in the production of phthalic anhydride and fumaric acid in China.

Beijing Capital Land is an H-share listed company under the control of the State-owned Assets Supervision and Administration Commission of the People’s Government of Beijing Municipality. It is engaged in developing and investing in high quality and high-end commercial properties and medium to high-end residential properties, operation of hotels, property consulting services and investment holding.

The Norton Rose Fulbright team was led by Hong Kong corporate partner Psyche Tai and assisted by senior associate Rachel Chan, associates Rosalind Siu and Timothy Lam. Locke Lord HK (LLP) advised Juda International Holdings Limited.