DEALS
Zhong Lun Advises on Eternal Asia Supply’s Non-public Offering
Zhong Lun Advises on Eternal Asia Supply’s Non-public Offering
Eternal Asia Supply Chain Management Ltd. (“Eternal Asia Supply", stock code: 002183.SZ) saw its non-public offering of 474,311,272 new shares greenlighted on March 24, 2021 by the China Securities Regulatory Commission (see document numbered Zheng Jian Xu Ke [2021] No. 932). Of the RMB 2.225 billion raised through the offering, about RMB 1 billion worth of shares were subscribed for by Shenzhen Investment Holdings Co., Ltd., and the remainder went to investors including Evergrande Life Insurance, GOME Electrical Appliances, and JPMorgan Chase. These new shares debuted trading on the Shenzhen Stock Exchange on July 27, 2021.
Zhong Lun acted as PRC legal advisor for Eternal Asia Supply in the offering. The team was led by Anthony Liao and Hongjiao Liu. Also on the team were Yongsheng Hu, Yajing Wang, and Guanwei Zhu.
As the first domestically listed company focusing on supply chain management services, Eternal Asia Supply is dedicated to becoming a supply chain integration platform, with a network covering more than 320 medium to large cities in mainland China and over 10 other countries including Singapore and the U.S. The company mainly engages in outsourced supply chain activities, with an active presence in purchases and sales, distribution and promotion, brand incubation, and empowerment in new retail.
