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HOME > News > Transactions and Cases > AllBright lawyers advise Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. on major assets restructuring project

AllBright lawyers advise Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. on major assets restructuring project

 2016-09-193277

On September 15, 2016, Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. (“Lujiazui Co.”) (Stock Code: 600663, 900932; Stock Abbreviation: Lujiazui, Lujia B Share) announced that its major assets restructuring & affiliate transaction project of acquiring 88.2% of Shanghai Lujiazui Finance Development Co., Ltd. (“Lujiazui Finance Development Co.”) in cash had been adopted by its shareholders meeting with high votes.


According to this restructuring scheme, Lujiazui Co. will pay the counterparties Shanghai Lujiazui (Group) Co., Ltd. and Shanghai New Bund International Business District Investment (Group) Co., Ltd. in cash to purchase the equity of 88.2% of Lujiazui Finance Development Co. held by them, at the amount of nearly RMB 9.5 billion.


Lujiazui Finance Development Co., the target of this restructuring, has formed a basic business structure of “securities + trust + insurance” by investing in the following three licensed institutions, Aj Securities, Lujiazui Trust and Lujiazui Life Insurance. Upon completion of this transaction, Lujiazui Finance Development Co. will become a controlled subsidiary of Lujiazui Co., making the latter to form a strategic development pattern of two engines, “real estate + finance”. This opens a new room for listed companies to expand their main business.


AllBright Shanghai Office forms a team consists of senior partners YANG Xiao and YANG Wei, senior associates CHEN Sisi and FU Chunming and seven other lawyers to provide all-sided legal services to this major asset restructuring project of Lujiazui Co. for a period of five months, from April, 2016 to date.