DeHeng Advised Jiangsu Tongrong on Getting Approved in the Merger Review of Acquisition of Huashangtong

2021-11-04

Wuxi Huadong Heavy Machinery Co., Ltd. ("Huadong Zhongji", stock code: 002685) plans to transfer its 35.1931% equity in Wuxi Huashangtong E-commerce Co., Ltd. to Jiangsu Tongrong Supply Chain Management Co., Ltd.("Jiangsu Tongrong") and another 15% equity in Huashangtong to Wuxi Huadong Technology Investment Co., Ltd. 

According to the entrustment of Jiangsu Tongrong, DeHeng lawyers provided whole-process legal services for the merger filing of this transaction. By virtue of rich experience, DeHeng lawyers efficiently completed the legal work including formulating the notification plan, preparing notification documents, defining relevant markets and analyzing market competition. On September 30, 2021, the State Administration for Market Regulation issued the Decision on No Further Review in Review of Concentration of Undertakings, So far, one of the effective conditions of this transaction has been satisfied. 

As the legal counsel for the merger filing of the trasaction, DeHeng formed a working team led by partner Ding Liang of the Beijing Office and partner Wang Jianming of the Wuxi Office, with primary support from lawyers Li Meng of the Beijing Office and Zhang Cheng of the Wuxi Office, and helped the client successfully get approved and ensured the antitrust compliance of the deal. The equity acquisition has been successfully completed.

About the partners: