Recently, the Listed Company M&A and Restructuring Review Committee of the China Securities Regulatory Commission has unconditionally reviewed and approved the issuance of stocks by China CAMC Engineering Co., Ltd. ("CAMCE", SZ:002051) for the purpose of purchasing assets and raising supporting funds, as well as the related transactions. As the legal advisor of the project, JT&N has provided full legal services for the project.
CAMCE, an important listed company subordinate to China National Machinery Industry Corporation Ltd. ("Sinomach"), is mainly engaged in the general contracting of overseas projects in the fields of industry, agriculture and electricity, and has expanded its business to cover many countries and regions around the world. To positively respond to the policy of supporting the reform of state-owned enterprises, CAMCE acquired China IPPR International Engineering Co., Ltd. (“IPPR”), a key design enterprise subordinate to its controlling shareholder, by issuing stocks to purchase assets. IPPR is an engineering company integrating scientific research, consultation, survey and design service and project management, and has prominent influence in the industry. After the completion of the deal, CAMCE will cooperate with IPPR to further expand its overseas market by developing new businesses in the fields of medical building, logistics building, passenger ropeway, automated logistics equipment and so on. In the domestic market, IPPR will rely on its professional advantages in the field of design and carry out business cooperation with CAMCE in relevant professional fields so as to help CAMCE improve its domestic market share.
As the special legal advisor of the project, JT&N formed a legal service team composed of partners Lifeng ZHAO, Hanbing DONG and Wei HE and lawyer Yan LI to provide all-round and high-quality legal services for the project.