Cases

Hylands assists China Agricultural Reclamation Fund, Service Trade Fund, and Guodiao Merchants Fund to complete the strategic investment in Liugong Group’s Mixed-Ownership Reform Project

2020-12-11

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On December 8, 2020, Guangxi Liugong Group Co. Ltd. (Liugong Group) and seven strategic investors formally signed the Capital Increase and Share Expansion and Equity Transfer Agreement of Guangxi Liugong Group Machinery Co. Ltd. for participating in Liugong Group’s mixed-ownership reform project with the transaction amount reaching CNY 3192 million. After the completion of the mixed-ownership reform of Liugong Group, it will become a typical case of mixed-ownership reform of the equipment manufacturing industry in China in recent years.

After accepting the entrustment of investment entities such as the Service Trade Innovation Development Guidance Fund, China Agricultural Reclamation Industry Development Fund, Hainan Agricultural Reclamation Agricultural Industry Investment Fund, Shenzhen Guodiao Merchants Merger and Acquisition of Equity Investment Fund, etc., Hylands Law Firm assigned a project team consisting of attorneys Rong YU and Shan TAO, partners of Hylands, attorneys Li WANG and Zixuan WANG, as well as assistant lawyer Yishuo ZHENG to provide legal services for their strategic investment in Liugong Group’s mixed-ownership reform project.