DEALS
Zhong Lun Advises on Transfer of Yantai Marina Hotel
Zhong Lun Advises on Transfer of Yantai Marina Hotel
Recently, Sunrise Land International Pte. Ltd. (“Sunrise") transferred Yantai Marina Hotel to one subsidiary of Yantai Shengyuan Group through share transfer. The amount of this equity deal was counted by the hundreds of millions of RMB and part of the share purchase price was financed through public offering of a trust product named Yantai Shengyuan Share Acquisition Collective Investment Trust Schemes.
Zhong Lun Law Firm represented Sunrise on this deal. Shirley Lu Jing, partner of Shanghai Office, together with the associates Andy Li Li and Jack Zhai Ke, have rendered the relevant legal service for this deal. The investment fields of Yantai Shengyuan Group range from hotel, restaurant, real estate, printing to industry design. This deal was a critical step of Yantai Shengyuan Group’s strategic development for its hotel investment.
Yantai Marina Hotel lies to the Bohai Sea with serene environment, and stands next to the famous Yantai First Bathing Beach. The hotel was built up by means of reclamation and surrounded by sea and mountains. It is the hosting place for the Second APEC Small and Medium-Sized Enterprise Technology Exchange Meeting and also one of Yantai’s important high class international hotels.