Pacific Mechatronic (Group) Co., Ltd. ("PMG"), as the controlling shareholder of China Textile Machinery Co., Ltd. ("CTM") further transferred its controlling shares and purchased material assets, debts and business of CTM simultaneously. Meanwhile, new investors transferred their gardening assets to CTM and completed non-tradable share reform, accordingly, all shares of CTM became fully tradable in A-Share market. CTM's main business has been changed from production and sale of textile machinery to garden design and engineering and CTM renamed itself as Shanghai Zhongyida Holdings Co., Ltd.
As legal counsel for PMG, Llinks provided a full range of legal services for this transaction.
