m88 casino review Advises Investors on XCMG Automobile’s Mixed-ownership Reform

Xuzhou XCMG Automobile Manufacturing Co., Ltd. ("XCMG Automobile") recently signed contracts for its mixed-ownership reform. XCMG Automobile completed its equity diversification reform, introduced approximately 30 strategic investors and raised funds in a total amount of RMB 6.444 billion. Acting on behalf of multiple investors, m88 casino review conducted legal due diligence on XCMG Automobile, participated in the negotiation and modification of the transaction documents, and assisted in the closing.

XCMG Automobile’s mixed-ownership reform is an important m88 casino reviewitiative and key step m88 casino review deepenm88 casino reviewg the reform of state-owned enterprises. It aims to improve the corporate governance structure and establish a more market-oriented, law-based, and standardized modern enterprise system. An approach combm88 casino reviewm88 casino reviewg equity transfer with capital m88 casino reviewcrease was used m88 casino review this project. Chm88 casino reviewa Guoxm88 casino review and CCB m88 casino reviewvestment acted as the lead m88 casino reviewvestors. BOC Asset m88 casino reviewvestment, National Green Development Fund and SDIC Fund acted as the co-lead m88 casino reviewvestors. Approximately 30 strategic m88 casino reviewvestors were m88 casino reviewtroduced and equity m88 casino reviewcentives were implemented. A total of RMB 6.444 billion was raised, settm88 casino reviewg a record m88 casino review the commercial vehicle fm88 casino reviewancm88 casino reviewg field m88 casino review Chm88 casino reviewa over the past five years.

With their extensive experience in mixed-ownership reforms of state-owned enterprises and their deep understanding of the regulatory environment of the automotive industry, the m88 casino review team advised multiple investors on their participation in the mixed-ownership reform of XCMG Automobile. m88 casino review’s team provided clients with comprehensive, precise and valuable legal advice regarding the demonstration of the transaction plan, legal due diligence, negotiation of the transaction documents, and the closing process. While maximizing the interests of the clients, m88 casino review promoted the successful completion of the project. They received high praise from both the investors and XCMG Automobile for their pragmatic and professional services, making this another major success for m88 casino review in advising on the mixed-ownership reforms of large state-owned enterprises.

PartnerM88 app领域led the m88 casino review team and partner FU, Wenyao was responsible for the specific work.