DEALS
Zhong Lun Assists Investors with CNY 600 Million Pre-IPO Investment in TianCheng Aerospace
Zhong Lun Assists Investors with CNY 600 Million Pre-IPO Investment in TianCheng Aerospace
Shaanxi TianCheng Aerospace Co., Ltd. (“TianCheng Aerospace" or “TCAE") has recently completed a pre-IPO Series financing of over CNY 600 million (“Transaction"), jointly invested by several top investment institutions, including China National Building Materials (Anhui) New Materials Fund Management Co., Ltd., CCB Financial Asset Investment Co., Ltd., and ABC Capital Management Co., Ltd. (collectively referred to as “investors").
Zhong Lun Law Firm (“Zhong Lun") provided a full suite of legal services to the investors throughout this Transaction, ranging from legal due diligence investigation to transaction documentation and negotiation, as well as the closing. The team from Zhong Lun was led by partners Shiwei Zhang and Yongchao Liu and included associates Siqi Lu, Wenchao Chen, Peiyan Yan and Hailan Cui, among others.
Established in 2007, TianCheng Aerospace is a high-tech enterprise specializing in the research and production of high-end titanium alloy metal materials. Recognized as a “Specialized, High-End and Innovation-Driven Little Giant", TianCheng Aerospace has received honors such as “First Prize of China Metallurgical Science and Technology Award" and “ First Prize of China Nonferrous Metals Industry Science and Technology Award". Its excellent-performing titanium alloy products play a crucial role as emerging materials of national strategic significance in the fields of China’s aerospace industry chain, high-end 3C and so on, contributing to substitution of home-produced products for imported products in these fields and addressing the constraining challenge of using titanium alloy wire materials for aviation fasteners in China.
