The A-share listed company, Sinochem International Corporation, recently closed its purchase of Huai’an Junsheng New Energy Science & Technology, marking its venture into the lithium battery industry.
Llinks Law Offices, the legal counsel to Sinochem International, provided legal services for the foregoing transaction, including investment structure demonstration, due diligence, transaction documents drafting, negotiation, and closing matters.
“China continues with its favourable policies for the new energy industry, including the new energy vehicles’ power batteries, to promote and guide the sustained development of the industry,” Selena She, a partner at Llinks in Shanghai, told China Business Law Journal. “In recent years, however, the country sets higher criteria for new energy companies entitled to favorauble industrial policies, e.g., higher criteria for applications for advanced technologies.”
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