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JunHe Assisted Investors in Completing the Round D Financing of RMB 761 million to CMSTD Logistics

2022.03.10

Recently, CMSTD Nanjing Logistics Co., Ltd. (CMSTD Logistics), a company directly under the State-owned Assets Supervision and Administration Commission of the State Council, completed its round D financing of RMB 761 million. JunHe assisted Yuegao Capital Holdings (Guangzhou) Co., Ltd., China State-owned Enterprise Mixed Ownership Reform Fund Co., Ltd., Henan Yuanhai Zhongyuan Logistics Industry Development Fund (L.P.), and Yuanhai (Qingdao) Industrial Investment Fund Center (L.P.) in participating in the completion of this round of financing (this Project) and rendered legal services throughout this Project.


CMSTD Logistics is one of the first pilot enterprises of “car-free carriers” in China. By innovatively combining the car-free carrier mode with a freight negotiation function, CMSTD Logistics has established a logistics capacity trading and sharing platform. This integrates nearly one million professional drivers with visual monitoring. It provides full-process standardized finance and continuous professional customer services. CMSTD Logistics is a technology-based enterprise that provides smart logistics services and digital supply chain solutions. It takes the “smart logistics” network freight platform as its core, upgrades the “smart chain” supply chain service platform and the “smart credit” digital credit service platform, to provide its customers with smart logistics comprehensive services and digital supply chain solutions. This promotes the coordinated development of the industrial chain. Currently, CMSTD Logistics’ platform covers more than 36,000 transportation lines, with a monthly turnover of more than 25 million tons. With the development of “dual circulation,” CMSTD Logistics has made an outstanding contribution to promote the construction of modern logistics systems and further enhance the supply-side of structural reform.


JunHe acted as the legal counsel to the investors in this Project. They provided  legal services which included conducting legal due diligence into CMSTD Logistics, issued the due diligence report and explained the main legal risks associated with this Project. JunHe reviewed and revised the transaction documents, advised on the SASAC approval procedures and issued legal opinions. 


The leading partner in this Project was Mr. Joe Wan.

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.