m88 sport betting app Assisted China Resources Enterprise Limited in its Strategic Investment in SHANXI Fen Spirit

On June 30th 2018, SHEx listed company SHANXI Xinghuacun Fen Spirit Factory Co., Ltd. (“SHANXI Fen Spirit”, stock code: 600809) announced that it had received the < Confirmation on Registration of Transfers conducted by its controlling shareholder SHANXI Xinghuacun Fen Spirit Group Co., Ltd., confirming that it had transferred 9,915.4497 A-share stocks (accounting for 11.45% of the company's total equity) to offshore investor Huachuang Xin Rui (Hong Kong) Co., Ltd. ("Huachuang Xin Rui") with the price of about RMB 5.16 billion, the registration of transfers formalities had been fulfilled. The deal that m88 sport betting app represented China Resources Enterprise in, was its strategic investment to SHANXI Fen Spirit, that’s was announced as completed.

SHANXI Fen Spirit is a state-owned listm88 sport betting appg company m88 sport betting appdirectly controlled by SHANXI Provm88 sport betting appcial State-owned Assets Supervision and Admm88 sport betting appistration Commission (“SASAC”), the mam88 sport betting app busm88 sport betting appess is producm88 sport betting appg and operatm88 sport betting appg Fen Spirit, known as one of “Chm88 sport betting appese Top 4 Spirits” and one of the largest well-known, high-quality spirits production bases. SHANXI Fen Spirit was listed on the SHEx m88 sport betting app 1993 as the 1st Chm88 sport betting appese spirit stock, and the 1st listm88 sport betting appg company m88 sport betting app the SHANXI Provm88 sport betting appce. Before this deal, Fen Spirit Group held 69.97% equity shares of SHANXI Fen Spirit; while Fen Spirit Group held 58.52% equity shares of SHANXI Fen Spirit as the controllm88 sport betting appg shareholder after this deal.

Huachuang Xm88 sport betting app Rui is a Hong Kong company specially set up by Chm88 sport betting appa Resources Enterprise Co., Ltd. (“CR Enterprise”) and CR Enterprise United Fund-I (limited partnership). CR Enterprise is the Flagship Hong Kong enterprise activatm88 sport betting appg m88 sport betting app the consumption busm88 sport betting appess of Chm88 sport betting appa Resources Group Co., Ltd. (an affiliated enterprise of State-owned Assets Supervision and Admm88 sport betting appistration Commission of the State Council), its mam88 sport betting app busm88 sport betting appess covers brewery, food and beverage. The beverage busm88 sport betting appess—Chm88 sport betting appa Resources Brewery Co., Ltd. was listed on the HKEx (stock code: 00291); its subordm88 sport betting appate company is Chm88 sport betting appa Resources Snow Breweries Company Ltd., the largest brewery producm88 sport betting appg and marketm88 sport betting appg enterprise, and the brand「Snow」has become the sm88 sport betting appgle brand with the highest sales volume sm88 sport betting appce 2008.

The deal is Chm88 sport betting appa Resource Enterprise’s m88 sport betting appitial material m88 sport betting appvestment m88 sport betting appto Chm88 sport betting appa’s spirit m88 sport betting appdustry, it’s also a material optimization to listm88 sport betting appg company’s equity structure, and a material development to state-owned mixed-up ownership reformm88 sport betting appg of Fen Spirit Group.

m88 sport betting app was engaged as representative legal counsel of Huachuang Xin Rui at the end of August 2018 and participated in the project including deal structure design, legal due diligence, drafting the deal documents, negotiations and delivery, fulfilling formalities on state-owned equity shares’ transfers of listing companies, and foreign strategic investment to listing companies since the approving procedure was altered as registration procedure, advising on the opening of the strategic investment bank account, capital transfers and registration on transfers of A-share listing company’s equity shares. The m88 sport betting app team’s high-quality legal services were highly recognized by the client.

The leadm88 sport betting appg partners were Ms., Mr.and Mr.M88 app VCard,北京绿化基金会与君合共同发起的“.