DeHeng Assisted Henan State-owned Capital Operation Group in Successfully Acquiring MyCOS

2025-12-30

Recently, DeHeng Zhengzhou assisted Henan State-owned Capital Operation Group Investment Co., Ltd. in completing the acquisition of MyCOS Data (Chengdu) Co., Ltd., a leading enterprise in the field of education evaluation in China.

The successful completion of this acquisition fully demonstrates the leading role of Henan State-owned Capital Operation Group in serving the national strategy of innovation-driven development. It represents a key move by the Group to strategically invest in the high-growth, high-tech data industry, and provides a valuable exploration for local state-owned capital to optimize investment portfolio through market-oriented and professional operations.

The transaction structure was complex, involving overseas natural persons, domestic partnerships, and state-owned and foreign-invested entities. It also raised cross-jurisdictional compliance challenges relating to cross-border data flow, personal information protection, and cross-border fund payments. DeHeng Zhengzhou formed a project team led by lawyer Chen Hongyan, with primary support from Ma Ke, Wang Dongjian, and Yang Yaru. Leveraging extensive experience in serving state-owned enterprises and cross-border investment and M&A projects, the team provided end-to-end, integrated legal support covering transaction structure design, legal due diligence, negotiation of key terms, state-owned assets compliance review, and equity closing, ensuring the smooth progress and successful completion of the project amid complex policy and legal environments.