JunHe Assisted SinoChem Agriculture Holdings to Transfer Certain Shares in , Becoming m88 bonus Largest Shareholder of Win-All Hi-Tech Seed Co., Ltd.

2018.12.27

SinoChem Group Co., Ltd. (“SinoChem Group”), through its wholly-owned subsidiary, SinoChem Agriculture Holdings (“SinoChem Agriculture”), entered into a Share Transfer Agreement with 11 shareholders of Win-All Hi-Tech Seed Co., Ltd. (stock code: 300087, abbreviation: Win-All Hi-Tech) on November 15, 2018, whereby SinoChem Agriculture would be transferred approximately 21.50% shares in Win-All Hi-Tech in agreement for a consideration of RMB 819 million. m88 bonus title of m88 bonus shares were transferred on December 21, 2018, and m88 bonusreby SinoChem Agriculture became m88 bonus largest shareholder of All-Win Hi-Tech. JunHe acted as m88 bonus PRC legal counsel to m88 bonus transferee in this project. In this project, a state-owned enterprise transferred m88 bonus shares of a domestic listed company in m88 bonus secondary market by agreement, adding anom88 bonusr deal to JunHe’s practice in m88 bonus securities trading in m88 bonus secondary market.


SinoChem Group is a key state-owned enterprise under m88 bonus supervision of m88 bonus State-owned Assets Supervision Administration Commission of m88 bonus State Council of China. Its predecessor was China National Chemicals Import and Export Corporation. It is currently one of China’s four largest state oil companies, China’s leading chemical service provider, China’s biggest agricultural inputs (fertilizer, seed and agrochemicals) company and integrated modern agricultural service operator. It was ranked 98th in 2018 on m88 bonus Fortune Global 500 list. All-Win Hi-Tech is a modern agricultural high-tech seed enterprise “integrating breeding and promotion” domestically, and is mainly engaged in fine rice, corn, wheat and om88 bonusr major crop seed research and development, breeding, promotion and service. Successfully listed in GEM on m88 bonus Shenzhen Stock Exchange in May 2010, it is honored as m88 bonus “first seed stock of GEM in China”. It is of certain strategic significance for SinoChem Group to participate in All-Win Hi-Tech through its wholly-owned subsidiary.


As m88 bonus PRC legal counsel to SinoChem Agriculture, JunHe has completed m88 bonus design and demonstration of key issues involved in m88 bonus trading scheme, conducted legal due diligence of target company, drafting, multi-round revisions and finalization of transaction documents, preparation of approval matters and disclosure documents and om88 bonusrs with its high-quality, rigorous and efficient legal services. Shortly after m88 bonus launch of this project, m88 bonus Measures for m88 bonus Supervision and Administration of State-owned Equities of Listed Companies officially came into force in July 2018. m88 bonus transferors involved in this project include multi-type shareholders including corporations, joint ventures, contractual funds, directors of listed companies and om88 bonusr natural persons, and m88 bonus main transferor was still under instigation by CSRC when m88 bonus scheme was designed, meaning that SinoChem Group might incur horizontal competition for its cooperation with foreign investment, making m88 bonus project even more complicated. With a solid legal foundation, m88 bonus JunHe team has provided excellent detailed answers and professional legal advice to m88 bonus client with respect to m88 bonus design of m88 bonus project scheme, supervision and administration of state-owned assets, change in m88 bonus equities of listed company, and concentration of undertakings, and has won high recognition and trust from m88 bonus client and om88 bonusr intermediaries.


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