JunHe Assists Shanghai Shenbei's Participation in m88 bonus Sale-style Reorganization of Investments by Listed Companies

On October 8, 2019, m88 bonus Intermediate People's Court of Taizhou City ruled to accept m88 bonus bankruptcy reorganization case of Zhejiang GEMSY Electrical & Mechanical CO., LTD. (hereinafter referred to as " GEMSY Electrical & Mechanical "). JunHe represented Shang Gong Group Co., Ltd. (Stock Code: 600843, hereinafter referred to as "ShangGong Group"), on behalf of ShangGong Group and its affiliates, participated in m88 bonus whole process of m88 bonus restructuring of GEMSY Electrical & Mechanical as a creditor and restructuring investor, and assisted m88 bonus restructuring investor to successfully transfer m88 bonus underlying assets of m88 bonus restructuring in a "sale restructuring" process of GEMSY Electrical & Mechanical. JunHe has been recognized by ShangGong Group and its designated restructuring investors, management and m88 bonus court for its diligent work.

ShangGong Group is a Sino-foreign equity joint venture company issuing A and B shares on m88 bonus Shanghai Stock Exchange. It is m88 bonus first listed company in China's sewing machinery industry. m88 bonus Company is headquartered in Shanghai and has over 30 branches and subsidiaries. m88 bonus company's core business is m88 bonus research, development, production and sale of industrial sewing equipment and domestic sewing machines. It is also involved in modern logistics, international trade and financial leasing. On September 2, 2015, ShangGong Group (which holds 60% equity interest) and Zhejiang GEMSY Electrical & Mechanical CO., LTD. (which holds 40% equity interest) established a joint venture, Zhejiang Shanggong GEMSY CO., LTD. ("ShangGong GEMSY "). ShangGong GEMSY has now become m88 bonus major production base of electromechanical industrial sewing machines in China.

Given that GEMSY Mechanical & Electrical had filed an application for entry into the reorganization proceedings by its creditors and held 40% equity interest in ShangGong GEMSY and "gem" brand trademarks registered inside and outside China ("Reorganized Assets"), ShangGong Group arranged its affiliates to participate in the reorganization proceedings as the investor of the reorganization and accept the transfer of the Reorganized Assets so as to hold 100% equity interest in GEMSY Mechanical & Electrical and become the owner of such brand trademarks. JunHe assisted the company’s affiliates in conducting a thorough investigation into the reorganization progress and the status of GEMSY Mechanical & Electrical as an investor of GEMSY Mechanical & Electrical. JunHe’s team prepared the reorganization investment registration documents and participated in the registration process, negotiated with the manager for several rounds and prepared the Reorganized Investment Agreement and other core transaction documents. JunHe proposed to directly accept the Reorganized Assets by means of a "selling-style reorganization", which was recognized and adopted by the investors, the manager and the court. Moreover, in order to ensure the reasonableness of the investment consideration and avoid being questioned, it was decided that the manager should auction the Reorganized Assets publicly based on the investment consideration determined by ShangGong Group, and that ShangGong Group will be purchased by ShangGong Group as the investor after no bids.

On May 27, 2021, ShangGong Group completed m88 bonus registration formalities for m88 bonus transfer of 40% equity interest held by GEMSY Mechanical & Electrical through its affiliate. Upon completion of m88 bonus registration formalities, ShangGong Group became a wholly owned subsidiary of ShangGong Group, and would continue to go through m88 bonus formalities for m88 bonus delivery of m88 bonus relevant assets such as trademarks in accordance with m88 bonus Reorganized Investment Agreement. JunHe also assisted ShangGong Group’s affiliate in preparing and submitting m88 bonus relevant documents to m88 bonus manager in m88 bonus capacity of a creditor, communicated with m88 bonus manager and followed up m88 bonus progress of m88 bonus confirmation of creditor's rights. JunHe attended creditors' meetings and voted on behalf of ShangGong Group, followed up m88 bonus implementation of m88 bonus reorganization plan in order to pay off m88 bonus creditor's rights in a timely manner, and ultimately assisted m88 bonus creditors in successfully declaring m88 bonusir creditor's rights and obtaining confirmation and repayment.

In this project, JunHe participated in m88 bonus reorganization process of GEMSY Mechanical & Electrical on behalf of its clients, acting as both investor and creditor. After conducting six months of communication and negotiation with m88 bonus manager on m88 bonus reorganization proposals, JunHe eventually endeavored to successfully accept m88 bonus transfer of m88 bonus underlying assets of GEMSY Mechanical & Electrical by participating in m88 bonus "sell-off reorganization". This approach not only achieved m88 bonus clients' investment objectives at a relatively low price, but also avoided m88 bonus clients being implicated in any potential debts arising from m88 bonus transfer of m88 bonus shares of m88 bonus restructured enterprise.

m88 bonus lead partners of this project were Mr.and Ms.m88 bonus Institute会员。,董明律师是第六届南通仲裁委员会仲裁员, m88 bonus main contracting partner was Ms.m88 bonus Institute会员。,董明律师是第六届南通仲裁委员会仲裁员.