DeHeng Advised Chongqing Performance Arts Co., Ltd. on Completing the Reform of Mixed Ownership and Shareholding System

2022-01-01

With the approval of the municipal task force for cultural sector institutional reform, Chongqing Performance Arts Co., Ltd., in strict accordance with relevant provisions on the administration of state-owned assets, orderly pushed forward the mixed-ownership reform and joint-stock reform, worked with strategic investors and transformed the company from a limited liability company to a joint-stock limited company, with the full name changed from "Chongqing Performance Co., Ltd." to "Chongqing Performance Arts Co., Ltd." according to law. The smooth progress on the mixed-ownership reform and shareholding reform has ushered the company into a new stage of strategic development and a big step toward the target of going public. 

The DeHeng team, led by Peng Song, lawyer of the Securities Department, and Tang Junfeng, lawyer of the Financial Department of the Chongqing Office, with primary support from lawyers Luo Yi and Cheng Diwei, provided professional, comprehensive and high-quality legal services for the introduction of strategic investment and the shareholding system reform. DeHeng will advise the client on regulating the governance structure, to promote the securitization of state-owned assets, and lay a solid foundation for IPO.