In February 2020, China Business Law Journal announced the winners of the "Deals of the Year 2019" awards. JunHe topped list for its advising on seven projects covering practice areas including capital market, dispute resolution, private equity and investment funds, infrastructure and project financing.
As a professional selection with great influence in China, the China Business Law Journal’s "Deals of the Year 2019" award is judged based on the significance, complexity, innovation and scale of transactions through collection of key transaction projects in the Chinese legal market each year and given to representative and influential transactions throughout the year. The selected projects of JunHe have a significant market influence and are industry pioneering projects.
The following projects of JunHe received the Deal of the Year 2019 awards:
On November 18, 2019, Beijing Kingsoft Office Software, Inc. ("Kingsoft Office" or the "Company") was listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange, with the stock code 688111. Kingsoft Office issued 101 million A shares at a price of RMB 45.86 per share, raising RMB 4.632 billion in the IPO, marking the largest single-day gain for a private enterprise on the STAR Board to date. JunHe, acting as the issuer's counsel in this project, has been providing legal services to the Company since 2015. JunHe participated in the design and implementation of the red-chip dismantling of the Company, the spin-off of Hong Kong listed company, and the A-share IPO filings. JunHe assisted the Company in solving numeral material legal issues such as the onshore and offshore shareholding structure adjustment, business reorganization and compliance adjustments, translation of foreign investors, verification of overseas entities, verification of related parties, preparation of historical developments, shareholding reforms and employee equity incentive plans.
The leading partners for the project are Mr. Shi Tiejun and Mr. YI, Yisong.
Founded in September 2014, China Integrated Circuit Industry Investment Fund Co., Ltd. ("Big Fund Phase I") has invested in a total of over 70 companies and entities. As Big Fund Phase I is nearing its end and has focused on post-investment management and divestment, China Integrated Circuit Industry Investment Fund Phase II ("Big Fund Phase II") will replace and continue to carry out the activities previously performed by the Big Fund Phase I to support the leading players in the industry. The Big Fund Phase II has a total registered capital of RMB 204.15 billion, with sponsors including the Ministry of Finance, investment platforms of local Chinese governments, large State-owned enterprises as well as private enterprises.
JunHe represented the client in the formation of the Big Fund Phase II, providing legal advice regarding the establishment and fundraising of the Big Fund Phase II, drafting and revising formation documents, management agreements and other key documents in respect of the formation and operation of the Big Fund Phase II. JunHe has also assisted the sponsor in conducting due diligence on the legal status, interest structure and investor qualifications of its capital contributors.
On June 12th, 2019, China East Education Holdings Limited (“China East Education”; stock code: 667.HK) was listed on the HKEx mainboard. China East Education issued 43.58 million shares globally, assuming over-allotment is exercised, issuing price was HKD 11.25 per share and raised HKD 4.902 billion in total. This is the largest-scale H-share IPO project in the education field.
JunHe acted as PRC legal counsel for the exclusive sponsor (BNP Paribas) and underwriter. JunHe advised on the offshore restructuring of the listed group, conducted legal due diligence on domestic subsidiaries and schools, communicated with government agencies, drafted, reviewed and revised the application and issuance documents of the IPO, issued PRC legal opinions and responded to the feedbacks from the HKSFC and the HKEx on IPO application. The JunHe team assisted China East Education to be successfully listed on the HKEx mainboard.
The leading partner for the project is Mr.LI, Chenliang.
A consortium consisting of Bank of China, China Development Bank, China Construction Bank, Agricultural Bank of China, China Minsheng Bank and the local bank of Bangladesh provides financing for the supercritical coal-fired power plant project in Asaram, Chittagong, Bangladesh.
JunHe acting as the PRC legal counsel for the consortium, provided legal services in connection with the entire project process covering project review, financing documentation and financing closing, which include due diligence and analysis of PRC legal issues regarding transaction structure, review, revision and finalization of financing documents relating to PRC law, and provision of PRC legal advice on any issues the consortium faced during the financing transaction.
The Leading Partner of this Project is Ms ZHOU, Jun.
On December 14, 2018, Fosun Tourism Group (“Fosun Tourism”) made its debut on the Main Board of The Stock Exchange of Hong Kong Limited (stock code: 1992.HK). As the PRC legal counsel for the joint sponsors, JunHe assisted the joint sponsors in the legal due diligence, drafted, reviewed and revised the relevant application and IPO documents, issued the PRC legal opinion, prepared explanations and answers to major questions from The Stock Exchange of Hong Kong Limited on PRC law, and participated in other PRC law-related work in the Hong Kong IPO, helping Fosun Tourism successfully obtain the relevant waivers and approvals for its IPO from The Stock Exchange of Hong Kong Limited.
As the legal advisor for SK Hynix, the third party in the case, , JunHe provided highly-efficient, high quality and rigorous legal services
In April 2019, JD (NASDAQ: JD) launched series A financing for its healthcare unit, JD Health. JunHe represented the investors (including, among others, CPE China Fund, CICG and BPEA) in the project, conducting due diligence on the entities, business and assets related to JD Health, and advising the investors on revisions of the restructuring scheme and investment documents relating to this round of financing.
The leading partners for the project are Mr. ZHAO, Xiyong (Sammuel) and Ms TANG, Jie.