Jia Yuan acted as the Legal Advisor to TCL Group (000100) on its Shares Issuance for Assets Acquisition, which has been conditionally approved.
2017-09-23 3591On 20 September 2017, TCL Corporation Limited’s ("TCL Corporation") shares issuance to acquire assets (the "transaction") secured conditional approval by the M&A and Reorganization Committee of the CSRC. Jia Yuan acting as the legal advisor to this transaction, provided all-round legal services.
TCL Corporation, by issuing shares to Changjiang Han Yi, Xing Yu, Xing Lan, Xing Yong, Xing Yuan, Xing Lian, acquired their minority shareholdings of Shenzhen China Star Optoelectronics Technology Co., Ltd. (“CSOT”), a holding subsidiary of TCL Corporation. Through this transaction, on the one hand, TCL Corporation further strengthened its management and control power of CSOT, for on this basis, TCL Corporation can deepen its development plans in LCD panel products deployment. On the other hand, CSOT’s core employees, through the employee shareholding platform, will personally hold shares of listed companies such as Xing Yu, Xing Lan, Xing Yong, Xing Yuan, Xing Lian, which is conducive to improving the incentive system of the company, and enhancing the soft power of the company and the cohesion of its labor force.
In this transaction, Jia Yuan acted as the legal advisor who fully participated in all aspects of the project and provided comprehensive legal services from project demonstration to contract arrangement and so on. Team members of Jia Yuan who provided such professional legal services include Mr. LIANG Wenjuan (Partner), Ms. WANG Ying (associate), Ms. PAN Siqi (paralegal) and Ms. WEN Yi (paralegal), etc.
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