经典案例

Classic Case

100% share transfer project of an overseas subsidiary of a Shanghai automobile group

2016-11-09 Author:City Development Law Firm

An automobile group in Shanghai was established in 1998. Its main business is to operate luxury imported automobile brands. It is an authorized import agent of major luxury imported automobile brands in East China. In order to develop more strategic key businesses, enable the group’s resources to be more effectively allocated and utilized, and enhance the group’s overall competitiveness, the group decided to sell 100% of the shares of a Hong Kong wholly-owned subsidiary under the group’s name and its subsidiaries in Jiangsu and Zhejiang, China. Several automobile operating entities that are directly or indirectly held by the region and specialize in the 4S business related to certain three first-tier brands of automobiles have achieved the strategic goal of divesting assets and reallocating group resources. Lawyer Chen Jun from the Real Estate Finance Department of the Shanghai Headquarters accepted the group's entrustment to provide legal advisory services for the project, and provide special legal services on matters such as cross-border share transfers and the transfer of operating entity management rights. It lasted for 2 years and has undergone many adjustments to the acquisition subject, assisting the automobile group to successfully complete the strategic goal of asset divestiture and optimizing asset allocation. This is also another project case completed by the Real Estate Finance Department of the Shanghai Headquarters to assist clients in resource reorganization and optimal allocation.