Baker & McKenzie is advising Beijing Enterprises Water Group Limited on its RMB 955 million acquisition of nine raw water, water treatment, water supply and sewage treatment projects, four of which are located in Jiangsu and Zhejiang provinces, one in Fujian province, and four projects in Shandong province in the PRC, from Salcon Berhad, a company listed on the main market of Bursa Malaysia Securities Berhad, and its joint venture company, Salcon Water (Asia) Limited.
Beijing Enterprises Water Group Limited is listed on the main board of the Hong Kong Stock Exchange and is principally engaged in the construction of sewage and reclaimed water treatment and seawater desalination plants, and provision of construction services for comprehensive renovation projects in the PRC and Malaysia; provision of sewage and reclaimed water treatment services in the PRC and Portugal; distribution and sales of piped water in the PRC and Portugal; provision of technical and consultancy services that are related to sewage treatment and construction comprehensive renovation projects in the PRC; and the licensing of technical know-how that is related to sewage treatment in the PRC.
The Baker & McKenzie team advising Beijing Enterprises Water Group is led by Hong Kong-based corporate partner, Rossana Chu and senior associate Damon Law. The team acted as lead counsel on the transaction with primary responsibility for preparing and negotiating the transaction agreements, advising on legal and regulatory issues and general transaction management.
