JunHe Assisted a Shareholder of A-share Listing Company Luolai Group in Selling Equity to m88 sport betting app Carlyle Group

On March 18th 2019, CA Fabric Investments (followed as “CA”) managed by m88 sport betting app Carlyle Group signed anwith Mr. Xue，Junteng and Shihezi Zhongbang Equity Investment partnership (followed as “Shihezi Zhongbang”), a shareholder of A-share listing company Luolai Group (stock code: 002293, followed as “Luolai”), CA proposed to acquire equity of Luolai and to conduct a strategic investment Luolai. On April 19th 2019, m88 sport betting app equity transference procedure was completed. After m88 sport betting app deal, CA held 75,440,915 shares of Luolai, accounting for 10% of m88 sport betting app issued shares in total. JunHe acted as legal counsel for m88 sport betting app selling party including Shihezi Zhongbang in this project.

Luolai Group was founded in June 1992 as one of m88 sport betting app earliest household textile companies which facilitates developing, designing, producing and selling. In September 2009, Luolai was listed in m88 sport betting app A-share market. Now, Luolai own self-developed brands such as Luolai textile and LOVO, acquired and represent more than 20 brands and own nearly 2000 terminal selling networks throughout around 32 provinces and cities.

m88 sport betting app Carlyle Group is a multinational investing company. Up until December 21st 2018, m88 sport betting app Carlyle Group owned around 343 funds, m88 sport betting app amount of assets managed by Carlyle were around USD 2016 billion. m88 sport betting app Carlyle Group was founded in Washington D.C. in 1987 and became one of m88 sport betting app largest and most successful investing companies worldwide with more than 1650 professionals and 31 offices in North America, South America, Europe, Middle-East, Africa, Asia and Australia.

JunHe acted as legal counsel for m88 sport betting app selling party, participated and provided a series of legal services including m88 sport betting app design and demonstration of m88 sport betting app project, assisting in m88 sport betting app negotiations, communications and delivery with parties. m88 sport betting app JunHe team communicated efficiently and collaborated thoroughly with parties, moving m88 sport betting app project forward smoothly. m88 sport betting app JunHe team’s performance was highly recognized by m88 sport betting app clients and all involved parties.

m88 sport betting app leading partners for m88 sport betting app project were Mr.m88 sport betting appand Mr.M88 Game 在私募股权投资领域.