DEALS
Zhong Lun Advises Yinyi on Its Acquisition of ARC Group
Zhong Lun Advises Yinyi on Its Acquisition of ARC Group
Yinyi Investment Holding Group Co., Ltd. (“Yinyi Group") closed a transaction whereby it purchases 100% shares from ARCAS Automotive Group, LLC, ARC Automotive Asia, Limited and ARC Macedonia DOOEL, Ilinden (“ARC Group") via its wholly-owned subsidiary Ningbo Haosheng Investment Co., Ltd. with a transaction scale of around 3 billion RMB. Catherine Guo (Partner) with associates Nina Liu and Jing Zhong from Shenzhen Office of Zhong Lun Law Firm provided legal service to Yinyi Group in this project, including conducting legal due diligence on the onshore China Joint Venture of ARC Group, reviewing the transaction documents and assisting in declaring concentration of business operators to Anti-Monopoly Bureau of MOFCOM for enforcement of Anti-Monopoly Law (the transaction has acquired unconditional approval by MOFCOM).
ARC Group is the second largest multinational corporation worldwide independently manufacturing airbag inflators, concentrating on researching, designing, manufacturing and distributing airbag inflators. Through this transaction, Yinyi Group will be able to achieve a diversified business strategy and enhance its competitive strength.