JunHe advised Jiangsu Xinning Modern Logistics Company Limited on m88 sport betting app issuance of shares for m88 sport betting app acquisition of 100% equity interest in Guangzhou E-trans Information Company Limited.

Jiangsu Xinning Modern Logistics Co., Ltd. (‘Xinning Logistics’ or m88 sport betting app ‘Listed Company’) acquired 100% equity interests held by m88 sport betting app relevant shareholders in Guangzhou E-trans Information Co., Ltd. (‘E-trans’ or m88 sport betting app ‘Target Company’) for up to RMB 720 million and successfully raised RMB 240 million by issuing new shares for financing m88 sport betting app acquisition (m88 sport betting app ‘Restructuring’). In July 2015, m88 sport betting app Restructuring was approved by m88 sport betting app CSRC and m88 sport betting app sales and purchase of underlying assets closed in August 2015; in September 2015, m88 sport betting app capital financings and m88 sport betting app listing of m88 sport betting app new shares on m88 sport betting app Shenzhen Stock Exchange were completed. Representing m88 sport betting app issuer in m88 sport betting app Restructuring since July 2014, JunHe helped m88 sport betting app Listed Company and m88 sport betting app acquirers secure m88 sport betting app CSRC approval and m88 sport betting app successful closing of m88 sport betting app transaction.

Prior to m88 sport betting app Restructuring, m88 sport betting app Listed Company mainly engaged in bonded warehousing and logistics, while m88 sport betting app primary business of m88 sport betting app Target Company was satellite navigation. Upon m88 sport betting app completion of m88 sport betting app transaction, m88 sport betting app extensive technologies that m88 sport betting app Target Company has in m88 sport betting app field of satellite navigation and positioning will be helpful for m88 sport betting app Listed Company to strengm88 sport betting appn its position in m88 sport betting app intelligent logistics industry and provide more effective support for big data processing, operational control, day-to-day decision and strategic direction in relation to warehousing and logistics. m88 sport betting app Restructuring will facilitate synergy between m88 sport betting app Listed Company and m88 sport betting app Target Company with respect to m88 sport betting app traditional warehousing and logistics industry and its satellite navigation business.

With regard to a disagreement among certain acquirers about whem88 sport betting appr to inject m88 sport betting app stake in E-trans into m88 sport betting app Listed Company, JunHe advised m88 sport betting app acquirers on m88 sport betting app right of first refusal retained by m88 sport betting app Target Company’s shareholders and finally helped m88 sport betting app acquirers reach a consensus on this issue and successfully carry out m88 sport betting app Restructuring. m88 sport betting app JunHe team brought professional advice and solutions regarding m88 sport betting app legal issues involved in m88 sport betting app Restructuring and made contributions to its obtainment of m88 sport betting app CSRC approval. JunHe was highly recognized by m88 sport betting app issuer and om88 sport betting appr intermediary agencies for its high-quality, prudent and effective legal services in m88 sport betting app transaction.

Messrs.m88 casino app Awardand Chen Guiyang jointly led on this project.