Hylands provides efficient legal solutions to securities disputes over the assets transfer of super-large listed State-owned enterprises

The contract dispute between Ningxia Tianyuan Manganese Industry Group Co. Ltd. (Tianyuan Manganese Industry) and Guodian Younglight Energy Chemical Group Co. Ltd. (Younglight Group) over the transfer of 100% equity and related creditor’s rights of Ningxia Younglight Chemicals Co. Ltd. (Younglight Chemicals) and Ningxia Younglight Coal Co. Ltd. was one of the significant cases in the domestic capital market from 2017 to 2018, which involved Younglight Chemicals, a state-owned listed company under China Guodian.

Hylands Law Firm was entrusted regarding the case and a special legal team, led by partner and attorney Yukai ZHANG and composed of attorneys Lei LIU and Kai WAN, acted as the special legal adviser of GD Power Development Co. Ltd. (GD Power), the superior company of the Younglight Group, providing legal services including but not limited to the following: making legal suggestions on relevant state-owned assets transfer projects of the Younglight Group, and designing a response plan for this matter from legal and relevant aspects before the lawsuit; coordinating with the attorney agents representing the Younglight Group to jointly prepare the responding strategies and make professional legal suggestions on the mediation proposal in the process of litigation; analyzing the impact of the judgment results on the listed companies and the state-owned assets, and putting forward effective countermeasures and suggestions for the follow-up measures from the legal perspective after the judgment of the case.

In handling affairs related to the transfer of State-owned assets of Younglight, the legal team of Hylands’ Yukai ZHANG actively promoted Younglight Group and Tianyuan Manganese Industry to successfully terminate the trading of state-owned property rights involved by combining many years of rich experience in securities capital market legal business with professional litigation skills, which effectively avoided the huge loss of state-owned assets and won the recognition and praise of clients with professional and accurate legal services.