In February 2018, Sichuan Development of Asset Management Co., Ltd. proposed to acquire the shares of Yunnan Longdu Industry and Trade Co., Ltd., Kunming Xishan Land Housing Development and Management (Group) Co., Ltd., and Yunnan Xihe Real Estate Development Co., Ltd., subsidiaries of Yunnan Xiye Real Estate Development and Operation Co., Ltd., whereby to later develop three real estate projects including Yunxi Hupo, Liyang Xingcheng Phase II and Yunxi Aocheng, with a subject amount of more than RMB 100 million.
As the legal service consultant of the investor, Sichuan Office of ZHH was fully involved in this project, mainly covering due diligence, issuance of opinions, document review and contract negotiation. This project consists of no less than three residential community projects, including the acquisition of long-standing unfinished building projects, involving the cleanup of shareholder relations and commercial housing sales contract relationships and the processing of all construction relationships and historical issues. ZHH's lawyers showed their excellent professional legal service competence and serious and responsible working attitude in this work that were unanimously recognized by the client.
This project was led by Partner WU Wei.