Fangda assists SKIPPER INVESTMENT LIMITED and Asiainfo Security in selling the control stock in Asiainfo in the first-of-its-kind STAR market “A Acquires H” major asset restructuring

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Fangda assists SKIPPER INVESTMENT LIMITED and Asiainfo Security in selling the control stock in Asiainfo in the first-of-its-kind STAR market “A Acquires H” major asset restructuring

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Law Firm

  • Asiainfo Security Technologies Co., Ltd (“Asiainfo Security”, stock code: 688225.SH) completed the acquisition of controlling stock in AsiaInfo Technologies Limited (“Asiainfo”, stock code: 01675.HK). Fangda acted as legal counsel for the seller in this transaction.

    This transaction marks the first-of-its-kind “A acquires H” major asset restructuring in the STAR market and represents a landmark transaction where a private equity fund, as a major shareholder, sold the control stock to an A-share listed company. The transaction aligns with the CSRC’s policy initiatives such as the “Opinions on Furthering the Market Reform for the M&A and Restructurings of Listed Companies” and the “Eight Measures to Further the Reform of the STAR Market”.

    The Fangda team was led by Partner BAO Chen, with support from Antitrust Partner Caroline HUANG. Team members included counsels FENG Chen and Ray XU.

  • Law Firms
  • image-26619
2024-11-18
REGION:
  • China

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