PRACTICES

To maximize the protection of your legitimate rights and interests
JINCHENG TONGDA & NEAL
MAJOR ASSET RESTRUCTURING
OVERVIEW

JT&N has maintained an active presence in merger and acquisition (M&A) transactions in the capital market for a long time, with outstanding performance and notable reputation. Leveraging knowledge and expertise in securities laws, regulations, and regulatory rules, our lawyers can represent offerors/acquirers, private equity funds, industrial funds, listed companies, controlling shareholders of listed companies, and other stakeholders to handle various transactions related to listed companies. The lawyer team of JT&N has established long-term and stable partnerships with clients in listed companies, equity funds, industrial funds, and other fields, while also building a strong network of financial and strategic counsels, thus keeping our M&A business in listed companies at the forefront of the times.

SERVICE

  • Conduct due diligence and issue relevant due diligence reports or legal opinions

  • Assist in designing and demonstrating major asset restructuring plans

  • Assist in preliminary communication, business negotiations, and consultations, and provide relevant legal opinions or recommendations

  • Draft, modify, and review legal documents or agreements related to acquisitions or major asset restructurings

  • Assist the company in communication with the State-owned Assets Supervision and Administration Commission of the State Council and other government agencies, and help prepare relevant declaration documents for major asset restructurings

  • Assist the company in responding to feedback from regulatory authorities during the review process of this major asset restructuring

  • Provide legal witness opinions for the company's major asset restructuring declaration materials

DEALS

  • Assisted HBIS Group in leading the Chinese Consortium to acquire South African mining listed company PMC (which holds South Africa's largest copper-iron associated mine) from Rio Tinto Group and Anglo American plc, and delisting it through privatization; subsequently represented Hebei Xuangong (renamed HBIS Resources Co., Ltd., 000923) in acquiring 100% equity of Smart Union Resources (Hong Kong) controlled by the Chinese Consortium via share issuance for asset purchase. This project is one of the typical cases of state-owned enterprises acquiring and integrating foreign assets and successfully injecting them into a listed company, as well as a key project under the "Belt and Road" and China-Africa cooperation, and was recognized as an excellent overseas acquisition project in 2018 by All China Lawyers Association.

  • Represented Sichuan Energy Investment in the bankruptcy restructuring of Sichuan Chemical Co., Ltd. (now renamed Sichuan New Energy Power Co., Ltd., 000155), and assisted Sichuan Chemical injecting wind power asset re-listing project through a major asset restructuring; this project was selected as one of the "Top Ten Typical Cases in Sichuan Province" by the Sichuan Provincial High Court in 2016.

  • Represented Tonghua Golden-Horse (000766) in issuing shares and paying cash to acquire 100% of Harbin Shengtai Biological Pharmaceutical Co. Ltd., and raising supporting funds (with transaction amount approximately RMB 4 billion). This project was rated as one of the top ten classic pharmaceutical M&A in 2015.

  • Willas Array Electronics (Holding) Limited (00854.HK) debt restructuring project.

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