Jingtian & Gongcheng Wins China Law & Practice M&A Deal of the Year
Date:2015-09-21

On September 17, 2015, China Law & Practice held 2015 China Law Awards ceremony at Beijing Marriot. Jingtian & Gongcheng’s deal “CSR CNR-CNR Merge Deal” won “2015 M&A Deal of the Year”.

 

The deal completed its H-share and A-share share-swap registration on May 26, 28 2015 respectively, and the merged company is renamed CRRC Corporation Limited (“CRRC”) and completed its registration at Industrial and Commercial Administration on June 1. Jingtian & Gongcheng is the PRC legal counsel of CNR and legal counsel of anti-monopoly examination for domestic concentration of undertakings.

 

The registered capital of CRRC is 27,288,758,333, and total share count is 27,288,758,333. It inherits all assets, liabilities, people, contracts, qualifications, and other rights and obligations of CSR and CNR. CRRC adopts new company name and organization code, stock abbreviation, legal corporate governance, strategic positioning, organization structure, management system, company brand, so as to achieve the merge as equals.

 

The merge between CSR and CNR will not only accelerate the transition of China’s rail transportation equipment industry from “made in China” to “created in China”, but also promote the industrial upgrade of China’s high-end equipment industry, and bring along the development of information industry, electronics industry, material industry, so as to uplift China from a “big manufacturing country” to a “manufacturing powerhouse”.

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