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2021.01.09

Recently, Hangzhou Power Equipment Manufacturing Co., Ltd.(hereinafter referred as ”Equipment Manufacturing Co., Ltd.”)completed m88 casino bonus codeir diversity of equities reform.


m88 casino bonus code diversity of equities reform project of Equipment Manufacturing Co., Ltd was listed on m88 casino bonus code Hangzhou Equity Exchange. Hangzhou State-owned Capital Investment and Operation Co., Ltd. (hereinafter referred as "Hangzhou Capital") and Hangzhou Fenhua Investment Partnership (L.P.) (hereinafter referred as "Hangzhou Fenhua"), as participants in m88 casino bonus code reform of Equipment Manufacturing Co., Ltd., entered into an agreement regarding capital increase with Zhejiang Dayou Group Co., Ltd. ((hereinafter referred as "Dayou") and m88 casino bonus code Equipment Manufacturing Co., Ltd. Hangzhou Capital and Hangzhou Fenhua jointly increased m88 casino bonus code registered capital of Equipment Manufacturing Co., Ltd. in an amount of approximately RMB 2.676 billion. m88 casino bonus code increase capital fee for m88 casino bonus code diversity of equities reform project has been fully paid up and in December 2020, Equipment Manufacturing Co., Ltd. completed all m88 casino bonus code industrial and commercial registration procedures.


Established in November 2018, Hangzhou Capital is a wholly State-owned capital investment and operation company at m88 casino bonus code first municipal-level in Hangzhou. Hangzhou Capital is mainly positioned to assist m88 casino bonus code State-owned Assets Supervision and Administration Commission of Hangzhou Municipality in performing m88 casino bonus codeir responsibilities as an investor. It carried out m88 casino bonus code operation of State-owned capital investment, m88 casino bonus codereby implementing m88 casino bonus code strategic adjustment of State-owned capital.


Established in May 2018, Hangzhou Fenhua is m88 casino bonus code largest captive fund under m88 casino bonus code "Operation Phoenix" of Zhejiang Province and is fully funded in an amount of over RMB 25 billion. Hangzhou Fenhua is primarily positioned to support m88 casino bonus code listing of outstanding enterprises in Zhejiang Province and m88 casino bonus code M&A and reorganization of listed enterprises.


Equipment Manufacturing Co., Ltd was established in May 2005, and has eight branches. It is a wholly-owned subsidiary of Zhejiang Dayou Group Co., Ltd., which is m88 casino bonus code largest switchgear manufacturer in m88 casino bonus code electrical power system of Zhejiang Province. Equipment Manufacturing Co., Ltd is engaged in producing over 40 different types of products in eight categories, including XIRIA, centrally installed switchgear, compact substations, low voltage switchgear and electrical boxes. It is m88 casino bonus code largest cooperation partner of Schneider Electric SA in m88 casino bonus code Asia- Pacific region, and has several indices, such as m88 casino bonus code ISO9001 Quality Management System Certification, ISO 14001 Environmental Management System Certification, ISO 18001 Occupational Health and Safety System Certification, Measurement Management System Certification, National 3C Certification and CECC Certification.


After completing m88 casino bonus code diversity of equities reform, Equipment Manufacturing Co., Ltd will integrate m88 casino bonus code capital in m88 casino bonus code power industry and State-owned capital. It will seek to establish an enterprise management system featuring diversified equities, market-oriented mechanisms and modern governance, so as to fully unleash m88 casino bonus code vitality of enterprises for m88 casino bonus codeir development.


JunHe represented Zhejiang Dayou Group Co., Ltd. in conducting its legal due diligence on m88 casino bonus code diversity of equities reform. It undertook proposal design, drafted m88 casino bonus code transaction documents and participated in multiple rounds of negotiations. JunHe provided legal services in respect of m88 casino bonus code promotion of strategic cooperation among all parties as well as providing opinions and suggestions with respect to m88 casino bonus code relevant legal issues.


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