On 27 September 2022, Hui Lyu Ecological Technology Groups Co., Ltd. (001267.SZ, “Hui Lyu”) successfully completed the non-public offering, and Grandall Wuhan Office provided legal services in this project.
Recently, Air China Limited (“Air China”) and Rolls-Royce Limited (“Rolls-Royce”) announced the formation of a joint venture company, namely, Beijing Aero Engine Services Company Limited (“BAESL”), engaging in civil aviation engine maintenance in Beijing. Having passed the antitrust review, BAESL is registered in the Beijing Capital International Airport Economic Zone. Grandall Beijing Office has been retained as Air China's legal advisor with Mr. Zhe JIN, Ms. Xintian HU, Ms. Xiaoyi FENG and Ms. Lingyan PEI as key lawyers serving the case.
On 8 July 2022, Rainmed Medical Limited (2297.HK) successfully made its initial public offering and was listed on the Mainboard of Hong Kong Stock Exchange with a market value of HKD 7,285 million at the time of listing based upon the issue price (regardless of over-allotment option).
On 3 July 2022, Shandong Port Group Co., Ltd. signed the equity transfer agreement with Sime Darby in Weifang, marking an important achievement in the process of reform and development of Shandong port integration and a milestone for the development of Bohai Bay Port.
On 27 June 2022, Zhejiang Zhongxin Fluoride Materials Co., Ltd. (002915.SZ) signed the agreement regarding the acquisition of 51% equity interest in Jiangxi Artsen Chemical with a total consideration of RMB 357 million, and the transaction was announced by the company accordingly.
Recently, Grandall Chongqing Office has successfully won the bid for the 2022-2024 perennial legal counsel of Shanghai Pudong Development Bank Chongqing Branch.
On 4 July 2022, OneConnect Financial Technology Co., Ltd. (US.OCFT/HK.06638) was successfully listed on the mainboard of Hong Kong Stock Exchange by way of introduction. Grandall Shanghai has been retained as the Chinese legal counsel of co-sponsors Goldman Sachs and HSBC with YUE Yongping and CHEN Jingyu as key lawyers serving this project.
According to the statics released by China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange, Shenzhen Stock Exchange and Beijing Stock Exchange, 170 companies completed initial public offerings in the first half of 2022, 20 of which, accounting for 11.8% of the total, were advised by Grandall Law Firm, ranking first among law firms, raising nearly RMB 21.3 billion.
In June 2022, a syndicate led by KASIKORNBANK (China) Company Limited, together with Sumitomo Mitsui Banking Corporation (China) Limited, Industrial Bank of Korea (China) Limited, Fubon Hua Yi Bank Limited, and CITIC Bank International (China) Limited, successfully signed a syndicated loan agreement with Haier Consumer Finance Limited for a total amount of RMB 510 million and released the first installment. Grandall Shenzhen Office acted as the legal counsel for this project.
On 22 June 2022, China National Centre of Testing and Inspection for Electric Cable and Wire (“TICW”) successfully listed on the ChiNext Market of Shenzhen Stock Exchange, and Grandall Shanghai Office acted as the legal counsel of the issuer.
On 1 June 2022, Beijing Capital City Development Group Co. Ltd. (“Capital Development”) successfully issued to professional investors the corporate bonds (Phase I of 2022) with an offering size of RMB 2.373 billion. Grandall Beijing Office has been retained as the legal counsel for the issuance with FENG Xiaoyi, ZHOU Liqiong, WANG Yanping, LV Yutong, CHENG Yifan and WANG Yueyao as key lawyers serving the case.
