In January 2019, Sichuan Culture Industry Equity Investment Fund Partnership intended to acquire the shares of XGIMI, a star company in Sichuan, held by its original shareholders Changchun Zhongnan and CDF Capital. After the acquisition, Sichuan Culture Industry Equity Investment Fund Partnership would hold 5.61% of XGIMI's shares, making it the fourth largest shareholder of the company.
As the legal consultant of both Sichuan Culture Industry Equity Investment Fund Partnership and XGIMI, ZHH was fully involved in this project with allowance by both parties, without any conflict interest. It mainly participated in the formulation of the share transfer plan and locking of target shares, assisted the purchaser and the sellers to fulfill internal procedures and approval, resolved legal obstacles in share transactions, coordinated the relations of the company's new and old investors, negotiated and bargained, prepared transaction documents, and provided legal services for project settlement It helped clear all legal obstacles to complete delivery within two months. The entire transaction was completed in very short time, the parties achieved their respective commercial purposes, and the target company also cleared the way for listing on the science and technology innovation board. ZHH's legal services were unanimously recognized by all the parties.
This project was led by Partners WANG Fei and LI Yong and handled by Chief Attorney DENG Shang.