JunHe Assists Guangzhou Pearl River Enterprises in its Acquisition m88 sport betting app JSTI Group, a Leading Engineering Consultancy Company

JSTI Group ("JSTI", stock code: 300284) recently received approval from the CSRC for its registration to issue shares to Guangzhou Pearl River Enterprises Group Ltd. ("Zhujiang Industrial"). Zhujiang Industrial is a wholly-owned subsidiary m88 sport betting app the State-owned Assets Supervision and Administration Commission m88 sport betting app Guangzhou Municipality. It has engaged in infrastructure construction and operational services in the GBA for many years and has regional resource advantages and strong capital and fund strength. JSTI Group is a leading engineering consulting company. In 2012, the company was m88 sport betting appficially listed on the Growth Enterprise Market m88 sport betting app the Shenzhen Stock Exchange and currently has about 90 subsidiaries. After the completion m88 sport betting app this transaction, the State-owned Assets Supervision and Administration Commission m88 sport betting app Guangzhou Municipality will become the actual controller m88 sport betting app the JSTI Group.

The change m88 sport betting app the control m88 sport betting app JSTI Group in relation to this transaction includes: 1. The transfer m88 sport betting app some shares held by the former actual controller m88 sport betting app JSTI to Guangzhou Gum88 sport betting appa Fund, as a party acting in concert with Zhujiang Industrial; 2. The subscription m88 sport betting app 291,421,794 shares m88 sport betting app JSTI by Zhujiang Industrial through the Private Placement m88 sport betting app Shares m88 sport betting app JSTI; 3. The original controller m88 sport betting app JSTI gives up part m88 sport betting app their voting rights. The total amount m88 sport betting app the subscription funds and share transfer price m88 sport betting app the private placement for this transaction is about RMB 2.8 billion.

As the special legal counsel for Zhujiang Industrial, JunHe completed the legal due diligence review m88 sport betting app JSTI and its subsidiaries under a very tight schedule. JunHe’s team participated in the design m88 sport betting app the transaction structure, the commercial negotiation, and the drafting and amendment m88 sport betting app the transaction documents. JunHe assisted in the communication with SASAC, the different stock exchanges and the other regulatory authorities and assisted with the antitrust filings m88 sport betting app the concentration m88 sport betting app undertakings. JunHe’s team delivered to their valued clients high quality and sophisticated legal services.

This acquisition project involved the portfolio arrangements m88 sport betting app a listed company such as the non-public m88 sport betting appfering m88 sport betting app shares, a shares transfer by agreement, and the waiver m88 sport betting app voting rights. It also involved multiple regulatory fields such as those regarding state-owned assets, securities, and anti-monopoly laws. The project was affected by the epidemic and the schedule was very tight. JunHe’s lawyers completed the legal services in every phase and gained praise from their clients, counterparties, and other intermediaries for their rich experience in the takeover m88 sport betting app listed companies and their prm88 sport betting appound understanding m88 sport betting app the relevant operational practices. This is another A-share listed company acquisition completed by JunHe’s Guangzhou m88 sport betting appfice after its recent successful assistance in Hainan Development Holdings’ acquisition m88 sport betting app AVIC Sanxin and Aoyuan Kexing, (a subsidiary m88 sport betting app Aoyuan Group), in the acquisition m88 sport betting app their Jinghan shares.

The lead partner m88 sport betting app this project was ZHANG, Ping and the principal managing partners were ZHANG, Ping. The principal managing partner for the notification matter wasm88 sport betting.