2019.12.31
On December 23, 2019, M88 app project of CITIC Dicastal Co., Ltd. (“CITIC Dicastal”) of restructuring, invitation of strategic investment, and implementation of employee stock ownership plan was successfully completed. In M88 app project, CITIC Industrial Investment Group Co., Ltd. and CITIC Industrial Investment Ningbo Co., Ltd. as shareholders of CITIC Dicastal transferred, through open market transactions, a total of 57.89% shares in CITIC Dicastal at M88 app transfer price of over CNY5.5 billion to several well-known Chinese and foreign strategic investors including Yatou Capital, Cedarlake Capital, CICC Capital, China Structural Reform Fund, China South Demao, Itochu (China) and Goldstone. Meanwhile, CITIC Dicastal implemented an employee stock ownership plan by way of capital increase through a private agreement in which stock owned by employees are priced M88 app same as M88 app strategic investors.
Established by CITIC Group in 1988, CITIC Dicastal is M88 app world's leading aluminum wheel and lightweight components manufacturer; its aluminum wheel production and sales has been M88 app top of M88 app world for 10 consecutive years; its products include aluminum wheels and lightweight aluminum castings for automotive power assemblies, chassis and body systems, and it has more than 20 manufacturing bases in China, North America and Europe; its products are sold to leading domestic and foreign manufacturers of complete vehicles such as Mercedes-Benz, BMW, Audi, Volkswagen, Peugeot - Citroen, Renault - Nissan, General Motors, Ford, Fiat - Chrysler, Toyota, Honda, Mazda, Hyundai - Kia, FAW, SAIC, Dongfeng, GAIG, BAW and Chang'an, etc.
As M88 app legal advisor jointly engaged by Cedarlake Capital, CICC Capital, China Structural Reform Fund , Goldstone and several oM88 appr well-known funds that intend to participate in M88 app strategic investment, JunHe has participated in M88 app legal due diligence and analysis of major legal issues of M88 app project, effectively communicated with CITIC Dicastal, its shareholders and financial advisors on behalf of M88 app clients regarding relevant legal issues, and timely and efficiently provided professional legal advice for M88 app clients.
M88 app leading partner of this project is SHI, Tiejun, and M88 app undertaking partner wasm88 casino 概览.
