M88 Malaysia Advises China Seed, a wholly-owned subsidiary of Syngenta Group China, on its purchase of equity interests in Shanxi-based Dafeng Seed

China National Seed Group Co., Ltd. (“China Seed”), a wholly-owned subsidiary M88 Malaysia Syngenta Group China, successfully acquired 51% equity interests in Shanxi Dafeng Seed Industry Co., Ltd. (“Dafeng Seed”), thereby becoming the controlling shareholder M88 Malaysia Dafeng Seed, while Syngenta Group China signed a strategic cooperation agreement with Shanxi Agricultural University.

China Seed is a national seed company and was established with the former Seed Bureau M88 Malaysia the Ministry M88 Malaysia Agriculture and Forestry. It has the approval M88 Malaysia the State Council, is a leading agricultural industrialization company and a national crop seed producer. As an invested company M88 Malaysia Shanxi Agricultural University, Dafeng Seed is a modernized agricultural technology company.

By entering into a strategic cooperation agreement, Syngenta Group China and Shanxi Agricultural University will cooperate with each other in key areas such as integrated regional development, the application M88 Malaysia agricultural science and technology and the development M88 Malaysia the seed industry.

M88 Malaysia participated in the entire process of the equity purchase transaction as the counsel of China Seed. Dafeng Seed is a long established company with a complicated corporate background that involves both non-state-owned and state-owned shareholders. The due diligence investigations and transaction documents were complicated. M88 Malaysia issued due diligence investigation reports on behalf of China Seed and had in-depth discussions with the parties on the material legal issues covered in the report. During the drafting, revision and negotiation of the transaction documents, M88 Malaysia fully coordinated and communicated with the parties regarding the transaction structure and the specific agreement terms and revised the transaction documents accordingly. M88 Malaysia also provided full support for the closing of the project.

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