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JunHe assists Hunan Youtell Biochemical Ltd. in its sale of controlling interests

2020.03.19

Acting as Chiness legal counsel for Hunan Youtell Biochemical Ltd. (“Hunan Youtell”) and its founding shareholder, New Century Biochemical, Inc. (“U.S. New Century”), JunHe assisted U.S. New Century, together with other selling shareholders, in their sale of the aggregate 80% of the equity interest in Hunan Youtell to CJ CHEILJEDANG CORPORATION (CJ CheilJedang). The transaction was completed in early 2020.


Founded in November 2000, Hunan Youtell is a modern high-tech biochemical enterprise focusing on enzyme R&D, production and sales. It is led by Dr. Li Xinliang, a Chinese American, Taishan Scholar of Shandong Province and Entrepreneurial and Innovative Talent of the Ministry of Science and Technology. In addition, Hunan Youtell has R&D bases in Seattle, Shandong and Shanghai. CJ BIO is committed to producing amino acids, nucleic acids and other products. Until 2017, its market share in the international market for lysine, tryptophan, antagonism and fermented nucleic acids ranked the first in the world, and it is the first in the world to develop the biological method L-Met, produce and sell many edible amino acids, etc., and is rapidly expanding the nutrition market.


JunHe represented the client in the pre-project consultation and several rounds of negotiations to amend the transaction documents, and further assisted the client in preparing for the closing and successfully completing the closing and payment of the transfer price. In addition, the transaction involves the exit by multiple investors (including listed companies, state-owned enterprises, etc.), JunHe team assisted the client in coordinating and making overall arrangements for all milestones of the project including listed company announcements, contract execution by all shareholders, payment collection, etc. The leading partner of this project was TAO Xudong


Acting as Chiness legal counsel for Hunan Youtell Biochemical Ltd. (“Hunan Youtell”) and its founding shareholder, New Century Biochemical, Inc. (“U.S. New Century”), JunHe assisted U.S. New Century, together with other selling shareholders, in their sale of the aggregate 80% of the equity interest in Hunan Youtell to CJ CHEILJEDANG CORPORATION (CJ CheilJedang). The transaction was completed in early 2020.


Founded in November 2000, Hunan Youtell is a modern high-tech biochemical enterprise focusing on enzyme R&D, production and sales. It is led by Dr. Li Xinliang, a Chinese American, Taishan Scholar of Shandong Province and Entrepreneurial and Innovative Talent of the Ministry of Science and Technology. In addition, Hunan Youtell has R&D bases in Seattle, Shandong and Shanghai. CJ BIO is committed to producing amino acids, nucleic acids and other products. Until 2017, its market share in the international market for lysine, tryptophan, antagonism and fermented nucleic acids ranked the first in the world, and it is the first in the world to develop the biological method L-Met, produce and sell many edible amino acids, etc., and is rapidly expanding the nutrition market.


JunHe represented the client in the pre-project consultation and several rounds of negotiations to amend the transaction documents, and further assisted the client in preparing for the closing and successfully completing the closing and payment of the transfer price. In addition, the transaction involves the exit by multiple investors (including listed companies, state-owned enterprises, etc.), JunHe team assisted the client in coordinating and making overall arrangements for all milestones of the project including listed company announcements, contract execution by all shareholders, payment collection, etc. The leading partner of this project was TAO, Xudong.

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