Recently, China Securities Regulatory Commission formally approved Shanghai Electric Group Co., Ltd.(Shanghai Electric, an A-share and H-share listed company)'s purchase of 47.18% shares of Shanghai Prime Machinery Co., Ltd.(PMC, an H-share listed company), 50.1% equity interests of Thales Saic Transportation System Co., Ltd., 100% equity interests of Shanghai Electric Group Properties Co. Ltd., rights to use 26 pieces of land and other assets through public offering with a value of RMB 6.628 billion, and approved Shanghai Electric's non-public offering of share with a value no more than RMB 3 billion.
Before this deal, in 2016, Shanghai Electric had acquired 100% equity interests of Shanghai Electric Industry Co., Ltd., 100% equity interests of Shanghai Blower Works Co. Ltd., 100% equity interests of Shanghai Denso Fuel Injection Co., Ltd., 14.79% equity interests of Shanghai Rail Traffic Equipment Development Co., Ltd., rights to use 14 pieces of land and their annexes, and other assets.
Shanghai Electric is one of the largest equipment manufacturing conglomerates in China. Llinks, as the legal counsel of Shanghai Electric, provided a full range of legal services for this deal and the deal in 2016.
