ZHH advises Chang'an Auto on its 100% shareholding of Chang'an Suzuki

Date:2019/07/02 Views:2618

On September 4, 2018, Chongqing Chang’an Automobile Co., Ltd. ("Chang’an Auto", 000625) and Suzuki Motor Corporation ("Suzuki") reached the Share Purchase Agreement through friendly negotiation, whereby Chang’an Auto would pay RMB 1 to purchase 40% of Chang’an Suzuki's shares held by Suzuki and 10% of Chang’an Suzuki's shares held by Suzuki Motor (China) Investment Co., Ltd. After the acquisition, Suzuki would continue to provide a production permit to Chang’an Suzuki, which would continue to produce and sell vehicles under the brand of Suzuki and offer after-sales services, and Chang’an Auto would hold 100% of Chang’an Suzuki's shares.

 

As the special legal consultant of Chang’an Auto for this project, ZHH provided full legal services to Chang’an Auto. The arduous legal work and complicated procedures required in this acquisition placed high requirements for professionalism in this respect. In a short period of time, lawyers of this project team carefully completed due diligence for this project, designed the transaction structure, drafted transaction documents, cooperated on business negotiation, and carried out detailed, authoritative research and argumentation on legal issues involved in this project, in a way to successfully help Chang’an Auto become a 100% controlling shareholder of Chang’an Suzuki. On the strength of its dedication to work and professional and efficient services, ZHH was highly praised by the client.

 

This project was led by Partners FAN Jiaming and LIU Wenzhi.