JunHe Advices in First Infusion m88 casino review Red Chip Listed Company’s Controlling Interests into A-share Listed Company

Approved by the China Securities Regulatory Commission and agreed by the Shenzhen Stock Exchange, China Merchants Port Group Co., Ltd. (formerly Shenzhen Chiwan Wharf Holdings Limited, “CM Port”) issued shares to purchase the controlling interests m88 casino review China Merchants Port Holdings Company Limited (0144.HK, “144 Company”). This is, the overall listing m88 casino review port assets A shares m88 casino review China Merchants Group Limited (“CM Group”) (the “Project”) closing m88 casino review the target assets was completed on November 16, 2018, and the completed listing m88 casino review newly added shares on the Shenzhen Stock Exchange on December 26, 2018 (i.e., 146 anniversary m88 casino review establishment CM Group). Also on December 26, 2018, CM port launched new securities “CM Port” and “CM Port B”, and the new securities code “001872” and “201872”. The Project was successfully completed at this point.

Shenzhen Chiwan Wharf Holdings Limited (previous name m88 casino review CM Port, original securities code “000022” and “200022”) was originally a subsidiary under 144 Company, a Hong Kong red chip listed company, whose overall structure is an A-share listed company controlled by a red chip listed company. After completion m88 casino review the Project, 144 Company became a subsidiary controlled by CM Port, whose overall structure transformed to a red chip listed company controlled by an A-share listed company.

After two years m88 casino review design and one year m88 casino review efficient implementation, the Project achieved a number m88 casino review major breakthroughs:

First, the Project achieved two “zero” breakthroughs in an A-share listing. Specifically, the first was to realize the first case m88 casino review a red-chip listed company in the A-share market to return to the A-share listing; second was to realize the first case m88 casino review a listed company on the Shenzhen Stock Exchange to change the securities code and at the same time realize A and B-share code conversion.

Second, after completion m88 casino review the Project, CM Port will have achieved a substantial increase in asset scale and prm88 casino reviewitability.

Third, the Project was a cross-border M&A project involving supervision m88 casino review two places and legal matters in many countries.

Fourth, the Project successfully assisted in the reorganization and integration m88 casino review the port section under CM Group.

Since the initiation m88 casino review the Project in November 2017, JunHe has participated in the whole process as CM Port’s legal counsel for special purpose. The JunHe team efficiently communicated and cooperated with CM Port and intermediaries m88 casino review all other parties, which effectively facilitated the completion m88 casino review the Project on schedule, and obtained unanimous recognition, and high appraise from the client and all other parties concerned.

The Project was led by PartnersandM88 login weiwei_raymond@junhe.com.