Zhong Lun Law Firm and Jia Yuan Law Offices guided parties involved in the completion of state-owned carmaker Dongfeng Motor’s (DFM) RMB6.2 billion (USD842 million) acquisition of Dongfeng Automobile.
The acquisition involved a transfer agreement and partial tender offers.
On conclusion of the deal, DFM became a major shareholder with 55% of shares, signalling that the central authorities are an above-board controller, and regaining control after DFM and Nissan set up a joint venture in 2003 to own Dongfeng Automobile. In 1998, DFM had established Dongfeng Automobile.
Zhong Lun Law Firm advised DFM headed by leading partners Mu Jingli and Li Changhong, with support from partners Wang Jing, Tang Zhoujun and Zou Mingchun. Partner Xue Yi helped the company to finish merger control filings.
Jia Yuan Law Offices acted as legal counsel to CICC, the financial adviser to Dongfeng, led by founding partner Yan Yu, and senior partners Yi Jiansheng and Tan Sijun.
