The second largest M&A and Reorganization deal in the A-share history —— Xinjiang Tianshan Cement Co., Ltd. 's (referred to as "Tianshan Cement") application for the acquisition of assets through the issuance of shares was approved by the CSRC recently. This is the largest transaction among the projects of listed companies' assets acquisition through shares issuance, and the price of the underlying assets is as high as 98.142 billion Yuan.Jia Yuan acted as the company legal advisor for this project  and provided comprehensive legal services.

The concrete scheme of the reorganization:  Tianshan Cement purchased all or part of the equity of China United Cement Group Co., Ltd., Southern Cement Co., Ltd., Southwest Cement Co., Ltd. and Sinoma Cement Co., Ltd. from China Building Materials Co., Ltd. and other counterparties by share issuance and cash payment. The target company has more than 700 subsidiaries and 26 counterparties. After the completion of the reorganization, The scale of Tianshan Cement will be significantly expanded. Its cement clinker production capacity and concrete production capacity will come to the first place in China, and becoming the new leading listed company in the national cement industry.

The legal team of Jia Yuan who provided legal services for this project includes YAN Guozhe (senior partner), SHI ZHenjian(senior partner), LIU Jing(senior partner), LIU ZHuoli(partner) , XU Qian, SUN Pu, ZHENG Yan, WANG Meiqi, YU Qian, WANG Qingqing,etc.