Fangda Partners and King & Wood Mallesons have assisted with the Airport Authority Hong Kong’s (AAHK) RMB4.3 billion (USD591.4 million) acquisition of a 35% stake in Zhuhai Airport.
AAHK reached an agreement with Zhuhai Transportation Holdings Group on 26 November to invest in the airport located in Guangdong province. The Zhuhai Transportation Group is the parent company of Zhuhai Airport’s largest shareholder – Zhuhai Port Holding Group – which holds an 82.5% stake in the airport.
In this transaction, Fangda acted as AAHK’s legal counsel with partner Joe Zhou leading the team. Corporate partner Susie Shi, real estate partner Wendy Wang and antitrust partner Wang Jin also assisted the transaction team.
KWM counselled Zhuhai Transportation Holdings Group on the deal, with partner Tao Zhangqi and partner Wang Jining from KWM’s alliance firm – King & Wood Mallesons Hengqin – leading the team. KWM partners Zhao Xiaohong, Tang Zhenyu, Liu Cheng and Xing Meidong assisted with the deal.
