2025.03.18
Momentive (Shanghai) Investment Co., Ltd. and Momentive Performance Materials Asia Pacific Pte. Ltd., both of which are subsidiaries of Momentive Performance Materials Group (Momentive), recently entered into an agreement with Jiangxi Hungpai New Material Co., Ltd. (Hungpai) with the stock code 605366, in South Korea to establish a joint venture in China. The joint venture will engage in the production, promotion and sales of functional silane products. The registered capital of the joint venture is tentatively set at RMB 720 million or its equivalent in USD. Momentive will contribute RMB 352.8 million, accounting for 49% of the joint venture's registered capital, while Hungpai will contribute RMB 367.2 million, accounting for 51% of the registered capital. JunHe acted on behalf of Momentive and assisted in drafting, reviewing, revising, negotiating and finalizing the entire set of transaction documents related to the establishment of the joint venture and the subsequent business collaboration (including the joint venture contract and its ancillary agreements).
As a global leader in advanced materials, Momentive focuses on cutting-edge organosilicon and specialty products. It has over 40 R&D, office and production bases worldwide, and its products are applied in industries such as aerospace, electronics, automotive, energy, agriculture, healthcare, personal care, consumer goods and construction. Hungpai is listed on the main board of the Shanghai Stock Exchange and is one of China’s leading enterprises in the silane coupling agent industry with a green recycling system. Its business includes the R&D, production and sales of functional silane and nano-silicon materials, with its products widely used in the automotive, rubber products, construction and pharmaceutical industries. The joint venture will leverage the industry experience and strong capabilities of both Momentive and Hungpai in production, innovation and service to provide functional silane products for the Asia-Pacific market.
JunHe assisted Momentive in completing this transaction and earned high recognition from the client for its rich experience and professional, rigorous and efficient legal services.
Partner LIU, Ning led the JunHe team and LIN, Tao was responsible for the specific work.
