2019.05.24
The project saw Fujian Green Pine Co., Ltd. (stock code: 300132, followed as ”Green Pine”) acquire 90% equity of NOX BELLCOW (followed as “NBC”) by means of issuing shares and paying cash and raising matched capital (followed as “the major asset restructure”) that was approved to pass by M&A verifying committee of the CSRC and received approvals from the CERC.
Green Pine is a listing company on Second-board Market of the SZEX, the largest turpentine deep processing company in China and the largest synthetic camphor and intermediate products provider worldwide. The major products provided by Green Pine include precise chemicals such as camphor products, borneol products and flavors and fragrances.
The target company of the major asset restructure was NBC, the largest mask manufacturer around the world which focuses on the ODM business of masks, skin care products and wipes. NBC was delisted in May 2018.
The major asset restructure was an acquisition of downstream layout by Green Pine. After the major asset restructure, Green Pine’s business will stretch from chemicals to consumer goods; meanwhile, NBC will further develop, manufacture and push the overall integration forward and achieve a synergy effect across strategy, business and finance.
W88优德手机版 acted as exclusive legal counsel for Green Pine in the restructure, participated in the project and provided legal services including demonstration of deal plan, due diligence, negotiations, drafting and finalization of the deal documents, conducting legal opinions, responding to the feedback of the CSRC and enquiries of M&A verifying committee of the CSRC. The W88优德手机版 team’s solid legal professionals and rigorous working attitude were highly recognized by the clients and all other intermediaries.
The leading partners for the project were Mr. ZHANG, Ping and Mr. WAN, Jing (Joe).
