On the afternoon of 13 June, by the opening of the eighth Strait Forum and Cross-strait Free Trade Finance Forum in the beautiful Xiamen, Beijing Guantao (Xiamen) Law Firm joined with Xiamen Finance Office, CMAA Fujian Branch & Haixi M&A Club to hold the theme salon “Practice and Standard Operation of Buyout Fund by Listed Companies”, which lasted for a half of the day at Xiamen Traditional Chinese Painting College on Wuyuan Bay. Brokerage representatives such as Guosen Securities, Orient Securities, Changjiang Securities etc., representatives of banks and financial institutions such as Bank of Communications, China Merchants Bank, Shanghai Pudong Development Bank and Bank of Quanzhou, along with representatives of private equity fund organizations such as Pan-Pacific Group, Lead Holding Group, Oriental Wealth etc., as well as representatives of enterprises and part of listed companies in Beijing, Shanghai and peripheral regions of Xiamen, Zhangzhou and Quanzhou. The heads and representatives of about 70 companies attended this salon. It is reported by Haixi Morning Paper, Wealth Economy, Phoenix Xiamen and Haixi Business.
Ms. Wang Yang, partner of International Corporation Securities Department in Guantao Law Firm, a prominent lawyer in areas of investment funds and M&A, a member of the leading talent pool with lawyers specializing in foreign-related matters, made a speech on the salon. By means of comprehensive analysis of five kinds of listed companies’ operation mode and data as typical cases, Ms. Wang summarized fundamental principle, basic structure of “PE + listed companies” and core content of investment, financing, management and withdrawal. She shared a good deal of practical experiences with others.
Participants also put questions on their own concerns to Ms. Wang, including the cooperative investment of listed companies and private equity fund. They had a further communication with her. The atmosphere of the meeting is very active. Especially Mr. Cheng Liang, vice-chairman of CMAA, in the capacity of fund direct participant restored and analyzed the M&A case more comprehensively, accurately and truly. He also answered questions on the spot, which pushed the discussion to the climax.
Through this salon, representatives could better understand basic mode and structure of M&A fund of listed companies and key elements of practical operation. They could have a better command of standard operation and relevant laws and regulations. It’ll be conductive for listed companies and private equity fund to eliminate risks of early-stage M&A, increase efficiency, enhance corporate strength, and improve valuation. It also helps PE to improve security of investment withdraw, reduce difficulty of fundraising, strengthen the standard operation of the listed companies’ M&A funds.
Corporate M&A, especially cross-border M&A and M&A of listed companies, is one of the Guantao’s core businesses. Guantao takes the leading position in this field. In recent years, Guantao provided legal services for many multinational companies listed in Fortune Global 500 (including restructuring, spin-off and listing of Li Ka-shing’s Cheung Kong and Hutchison) and accomplished a series of complicated deals.
A number of Guantao partners are acquainted with trade practices of international M&A, along with Chinese legal policies and regulatory environment. Domestic and overseas M&A projects cover a wide variety of industries, including finance, manufacturing, real estate, high-tech, infrastructure, electricity, medicine and pharmaceuticals, and service industry.
This salon is known to be one of the activities “Serve Xiamen”, “Serve the Enterprises”, “Serve the Members” held by Xiamen Finance Office, CMAA Fujian Branch & Haixi M&A Club, which gets help from Guantao Xiamen Office.
