Shanghai Kangda New Materials Co., Ltd. (Kangda New Materials, Stock code: 002669 ) announced on January 11, 2019 that Tangshan Financial Holding Industrial Incubator Group Co., Ltd. (Tangshan Financial Holding Incubator) has become the controlling shareholder of it. This acquisition is the first typical case of state-owned enterprise acquiring the controlling stake of listed company in Hebei province, which is the specific practice of innovative capital operation and a new path of maintaining and increasing the value of state-owned assets.

The acquisition is another significant legal service achievement of Shenzhen Offices in the field of M&A, restructuring and capital market. As the special legal adviser, Shenzhen Offices established the legal team that undertaken by Managing Partner Dr. Chi Zhang, also includes Lawyer Yu, Peiyao and Wang, Lijuan as well as Intership Li, Tunan. 

 

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