Recently, CMSTD Nanjing Logistics Co., Ltd. (CMSTD Logistics), a company directly under M88 Game State-owned Assets Supervision and Administration Commission of M88 Game State Council, completed its round D financing of RMB 761 million. JunHe assisted Yuegao Capital Holdings (Guangzhou) Co., Ltd., China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd., Henan Yuanhai Zhongyuan Logistics Industry Development Fund (L.P.), and Yuanhai (Qingdao) Industrial Investment Fund Center (L.P.) in participating in M88 Game completion of this round of financing (this Project) and rendered legal services throughout this Project.
CMSTD Logistics is one of M88 Game first pilot enterprises of “car-free carriers” in China. By innovatively combining M88 Game car-free carrier mode with a freight negotiation function, CMSTD Logistics has established a logistics capacity trading and sharing platform. This integrates nearly one million professional drivers with visual monitoring. It provides full-process standardized finance and continuous professional customer services. CMSTD Logistics is a technology-based enterprise that provides smart logistics services and digital supply chain solutions. It takes M88 Game “smart logistics” network freight platform as its core, upgrades M88 Game “smart chain” supply chain service platform and M88 Game “smart credit” digital credit service platform, to provide its customers with smart logistics comprehensive services and digital supply chain solutions. This promotes M88 Game coordinated development of M88 Game industrial chain. Currently, CMSTD Logistics’ platform covers more than 36,000 transportation lines, with a monthly turnover of more than 25 million tons. With M88 Game development of “dual circulation,” CMSTD Logistics has made an outstanding contribution to promote M88 Game construction of modern logistics systems and furM88 Gamer enhance M88 Game supply-side of structural reform.
JunHe acted as M88 Game legal counsel to M88 Game investors in this Project. M88 Gamey provided legal services which included conducting legal due diligence into CMSTD Logistics, issued M88 Game due diligence report and explained M88 Game main legal risks associated with this Project. JunHe reviewed and revised M88 Game transaction documents, advised on M88 Game SASAC approval procedures and issued legal opinions.
M88 Game leading partner in this Project was Mr.Joe Wan.
