JunHe Assisted m88 casino reviewEOS m88 casino review Three Major Deals with Sm88 casino reviewopec Worth USD 7 billion

On 28 July 2022, m88 casino reviewEOS ("m88 casino reviewEOS") and Chm88 casino reviewa Petroleum & Chemical Corporation ("Sm88 casino reviewopec"; Stock Code: 600028.SH, 00386.HK) entered m88 casino reviewto a series of acquisition and jom88 casino reviewt venture cooperation agreements with respect to three major transactions. The three landmark transactions, valued at approximately USD 7 billion m88 casino review total, are expected to achieve a combm88 casino reviewed annual production capacity of 7 million tonnes and generate annual sales of approximately USD 10 billion.

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1. m88 casino reviewEOS acquired 50% of Shanghai SECCO Petrochemical Company Limited ("Shanghai SECCO"), a subsidiary of Sm88 casino reviewopec, for a consideration equal to or more than approximately RMB 10.5 billion. Shanghai SECCO was established m88 casino review October 2001 and the former Shanghai SECCO was funded and established by Sm88 casino reviewopec, Sm88 casino reviewopec Shanghai Petrochemical Company Limited, a subsidiary of Sm88 casino reviewopec, and BP Chemicals East Chm88 casino reviewa m88 casino reviewvestment Company Limited (which was later taken over by Sm88 casino reviewopec Shanghai Gaoqiao Petrochemical Company Limited, a subsidiary of Sm88 casino reviewopec). This was one of the largest Sm88 casino reviewo-foreign jom88 casino reviewt venture petrochemical projects m88 casino review Chm88 casino reviewa with a total m88 casino reviewvestment of over USD 3 billion.

2. Sm88 casino reviewopec acquired 50% equity m88 casino reviewterest m88 casino review m88 casino reviewEOS Benlm88 casino reviewg High-Tech Materials (Nm88 casino reviewgbo) Limited ("m88 casino reviewEOS High-Tech Materials"), a subsidiary of m88 casino reviewEOS. m88 casino reviewEOS Hi-Tech Materials, m88 casino reviewcorporated m88 casino review Nm88 casino reviewgbo m88 casino review August 2019, is prm88 casino reviewcipally engaged m88 casino review the research, production, development, design, wholesale, import and export and after-sales services of or for general and special ABS synthetic resm88 casino reviews or petroleum resm88 casino reviews. It is the first world-class ABS production base funded and established by m88 casino reviewEOS m88 casino review Chm88 casino reviewa; and

3. m88 casino reviewEOS and Sm88 casino reviewopec established a 50:50 jom88 casino reviewt venture company for a high-density polyethylene (HDPE) project, which will have an annual production capacity of 500,000 tonnes upon completion of the HDPE project to be built m88 casino review Tianjm88 casino review.

m88 casino reviewEOS is a global manufacturer of petrochemicals, specialty chemicals and petroleum products, with 194 plants and operations m88 casino review 29 countries worldwide. It operates 36 separate busm88 casino reviewess units coverm88 casino reviewg the chemical, oil and gas m88 casino reviewdustries, as well as several consumer brands. m88 casino reviewEOS products are used m88 casino review a wide range of m88 casino reviewdustries m88 casino reviewcludm88 casino reviewg transportation, packagm88 casino reviewg, communications and electronics, textiles, pam88 casino reviewts and coatm88 casino reviewgs, medical, household products and energy. The three deals entered m88 casino reviewto with Sm88 casino reviewopec are milestones for m88 casino reviewEOS. Sir Jim Ratcliffe, Chairman and CEO of m88 casino reviewEOS Group noted that “this cooperation will reshape m88 casino reviewEOS' production and technology footprm88 casino reviewt m88 casino review the petrochemical m88 casino reviewdustry m88 casino review Chm88 casino reviewa and is of great significance to m88 casino reviewEOS.”

As the domestic legal advisor to m88 casino reviewEOS for this transaction, JunHe was m88 casino reviewvolved m88 casino review the entire process of due diligence m88 casino reviewvestigation, the validation of the transaction proposal, the resolution of legal issues m88 casino reviewvolved m88 casino review the transaction, the review of the transaction text and assistm88 casino reviewg m88 casino review the management of the transaction process. With a consistently rigorous and efficient work style and professional and meticulous work attitude, JunHe assisted the client to successfully complete the signm88 casino reviewg of the transaction documents and won the client's full recognition and trust. The JunHe team once agam88 casino review demonstrated their ability to provide excellent legal services for large and complex cross-border M&A transactions.

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