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JunHe Assisted the Client in its Acquisition of Equity Interests in Happy Life Insurance

2020.07.21

On July 17, 2020, China Cinda Asset Management Co., LTD. (hereinafter referred as  “China Cinda”, 01359.HK)released an announcement that it has recently been approved by the China Banking and Insurance Regulatory Commission to transfer the 50.995% shares it holds in Happy Life Insurance Company Limited (hereinafter referred as “Happy Life Insurance”) to Champion Property & Casualty lnsurance Co., Ltd. (hereinafter referred as “Champion Insurance”) and Dongguan Communications Investment Group Co., Ltd. (hereinafter referred as “DCIG”) respectively. Upon completion of such transfer, China Cinda will no longer hold any equity interest in Happy Life Insurance, and Champion Insurance will hold 30% and DCIG will hold 20.995% equity interests in Happy Life Insurance. The aggregate transaction price under this transaction is RMB7.5 billion.


JunHe, as the legal counsel to DCIG, assisted it in forming a consortium with Champion Insurance to participate in and complete this transaction through Shanghai United Assets and Equity Exchange.  


The leading partners of this project are ZHAO, Xiyong (Sammuel), YU, Jinlong, DENG, Liang (Teresa) and WANG, Man (Shelley).

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.