Pinsent Masons advises Beijing Jangho on acquistion of Sundart International fitting-out business
International law firm Pinsent Masons has advised Beijing Jangho Curtain Wall Co., Ltd. (Beijing Jangho) on its acquisition of an 85% stake in Sundart Holdings Limited, a subsidiary of Hong Kong Stock Exchange listed Sundart International Holdings Limited (Sundart International), for HK$493 million (£40 million).
Head quartered in Beijing China, Beijing Jangho is a large-scale provider of façade solutions and is listed on the Shanghai Stock Exchange. The company operates a manufacturing and full installation business in both Chinese domestic and international markets. Renowned company projects include Terminal 3 of Beijing Capital Airport, the headquarters of China National Petroleum Corporation, China World Trade Centre Phase Ⅲ, Shanghai International Financial Centre, Marina Bay Sands Integrated Resort in Singapore, Abu Dhabi Financial Centre and Dubai Infinity Tower. The acquisition of the fitting-out business of Sundart International forms part of Beijing Jangho’s strategy to expand its business further into interior design.
The Pinsent Masons team advising on the deal was led by Corporate Partner Kenneth Chong, assisted by Senior Associate Sylvia Zee and Counsel Jackie Liu in the Hong Kong and Beijing offices.