DEALS
Zhong Lun Advises on Acquisition of TSX-V Listed Corporation
Zhong Lun Advises on Acquisition of TSX-V Listed Corporation
Two practice teams of Zhong Lun Law Firm, led by partner Cheng Jun from Beijing office and partner Fan Bin from Chengdu office, recently successfully advised Chengdu Tianqi Group in closing the deal of acquiring a Toronto Stock Venture Exchange listed company, Nemaska Exploration Inc. (TSX-V code, NMX) by subscribing newly issued common shares and warrants of NMX, which consisted of about 10% of the company’s outstanding shares.
Chengdu Tianqi Group is the majority shareholder of Sichuan Tianqi Lithium Industries, Inc. (002466), a Chinese listed company, which is also the leader in the lithium battery industry in China. Upon closure of this deal, Tianqi Group became the largest shareholder of NMX, which move indicated Chinese enterprises’ more and more aggressive participation, through capital markets, in resource and green energy competition to the global extent.
