DEALS
Zhong Lun Advises JCET Group on CNY 4.4 Billion Joint Venture for Its First Automotive-Grade Chip Packaging Factory
Zhong Lun Advises JCET Group on CNY 4.4 Billion Joint Venture for Its First Automotive-Grade Chip Packaging Factory
On February 6, 2024, JCET Group Co., Ltd. (600584.SH, “JCET Group"), a global leading integrated-circuit manufacturer and technology services provider, announced that JCET Automotive Electronics (Shanghai) Co., Ltd. (a subsidiary of JCET Group, the “Company") has secured a CNY 4.4 billion equity financing from the National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., Shanghai State-owned Assets Operation Co., Ltd., Shanghai Integrated Circuit Industry Investment Fund Phase II Co., Ltd., Shanghai Xin Zhi Jing Enterprise Management Partnership (Limited Partnership), and JCET Group. The capital raised by the Company will be used to support the construction and operation of JCET Group’s first intelligent automotive-grade chip advanced packaging flagship factory (the “Project").
Zhong Lun Law Firm acted as JCET Group’s legal counsel in all major aspects of the Project, including formation of the Company, deal structuring, as well as drafting and negotiating all the equity financing and joint venture agreements. The Zhong Lun team included equity partner Zhe (Kevin) YU, non-equity partner Weiran SONG, and associate Minglu CHEN.
