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.”