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Zhong Lun Advised Great Wall Motor on the Subscription of Shares in Pilbara Minerals Limited of Australia
Zhong Lun Advised Great Wall Motor on the Subscription of Shares in Pilbara Minerals Limited of Australia
On 28 September 2017, Great Wall Motor Company Limited (“Great Wall Motor"), via its indirect wholly-owned subsidiary in Hong Kong, i.e., Billion Sunny Development Limited (the “Subsidiary"), entered into a subscription agreement with Pilbara Minerals Limited (“PLS"), an Australia listed mining company, to subscribe for not more than 3.5% new shares in PLS (the "Project"). The consideration of this Project is AUD 28 million, and Great Wall Motor will be entitled to offtake a part of the products from the Pilgangoora Lithium-Tantalum project owned by PLS.
As the transaction counsel of Great Wall Motor, Zhong Lun Law Firm has handled and coordinated all the legal matters of the whole Project, including conducting legal due diligence, assisting with the negotiation and amendment of the subscription agreement and other relevant agreements, and providing relevant legal advices, which involved the laws of Australia, mainland China and Hong Kong SAR.
The legal team for this Project consists of lawyers from Zhong Lun offices in Hong Kong, Guangzhou, Beijing and Shenzhen, and is led by partners Wayne Wang (Australian solicitor and PRC lawyer), Jessica LI (PRC lawyer) and Jane Yao (Hong Kong solicitor), assisted by associates Cheng Ni, Qiwen Su, Wennie Guo and Joyce Guo.
