DeHeng Assisted Yintai Gold in the Acquisition of the Entire Equity Interest in Osino

2024-02-26

On February 25, 2024, Yintai Gold Co., Ltd. (“Yintai Gold,” stock code: 000975. SZ) officially announced that its wholly-owned subsidiary in Canada acquired 100% of the shares of Osino Resources Corp. (“Osino”), a Canadian listed company, by way of a scheme of arrangement, with a transaction value of approximately 368 million Canadian dollars. After the completion of the acquisition, Osino will be delisted and privatized.

The parties to the transaction have signed an Arrangement Agreement, which has been endorsed by Osino’s senior management and is subject to approval by Osino’s General Meeting of Shareholders and relevant regulators, courts, and stock exchanges. 

DeHeng, as the lead legal counsel for the acquirer, provided whole-process legal services together with Canadian, Namibian, and Mauritian lawyers. The DeHeng lawyers were fully responsible for the design of the transaction structure, legal due diligence of the acquisition target, negotiation of transaction documents and announcement, ensuring the professionalism, efficiency, and confidentiality of the project, and providing professional, comprehensive, and efficient legal services to the client. 

The DeHeng team was led by partner Chen Wei, the head of DeHeng’s Cross-border Investment & Finance Practice Group, with partners She Wei and Yan Min as the lead lawyers, and with support from lawyers Qiao Fei, Feng Yiwen, Liu Xiaotong, and Huang Tianhuan.