Baker McKenzie has advised Mega Nova Holdings Limited (“the company”), a subsidiary of Shenzhen Tinno Mobile Technology Co., Ltd. and Tinno Technology Group Co., Ltd. (publicly traded in the PRC), in its acquisition of a 70% stake in Hong Kong-listed SMC Electric Limited (stock code: 2381) and the related mandatory general offer under the Hong Kong Takeovers Code.
The acquisition gives Mega Nova Holdings Limited a controlling stake in SMC Electric Limited and supports its plans to continue existing business and pursue new business opportunities for future growth.
The transaction highlights Baker McKenzie’s extensive experience advising on complex Hong Kong public M&A and Takeovers Code transactions, as well as its ability to navigate the cross-border regulatory considerations arising from transactions involving Hong Kong-listed companies and Mainland China-listed groups.
The Baker McKenzie team was led by Christina Lee, Partner, Co-chair of the Firm’s Asia Pacific Capital Markets Practice, assisted by Senior Associate Shavonne Wong, with further support from Senior Associate Michael Chau and Trainee Solicitors Charlton Lau, May Xu and Todd Tsang.
Christina commented: “We are pleased to have advised Mega Nova on this significant transaction, which supports the company’s strategic objectives and expansion plans. It was a privilege to guide them through the acquisition and mandatory general offer and help them navigate the regulatory and execution challenges associated with a cross-border public M&A transaction. We wish them every success.”
Baker McKenzie has the broadest M&A footprint of any law firm globally with more than 1,300 locally qualified and globally experienced M&A lawyers in more than 40 countries.
Within our highly integrated team, our M&A lawyers work together with tax, competition, employment, IP, foreign investment, and commercial specialists to strategically address all legal and regulatory implications of a transaction, minimize business risk, and provide an end-to-end, high-value service.
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