CEFC Shanghai Capital Investment Limited (hereafter referred to as the "CEFC Investment"), the wholly owned subsidiary of CEFC Shanghai Securities Limited (hereafter referred to as the "CEFC Securities"), proposed to make a strategic investment in Shanghai Great Wisdom Co., Ltd. (hereafter referred to as the "Great Wisdom"), the leading domestic financial information service platform, by purchasing 70% equity interests in Shanghai Great Wisdom Caihui Data Science and Technology Limited, the wholly owned subsidiary of Great Wisdom, at the consideration of RMB1,397,600,000, as announced by Great Wisdom on October 29, 2016. The transaction is expecting to be the biggest investment in relation to big data in domestic securities industry.
Meanwhile, CEFC Securities and Shanghai Great expected to conduct in-depth and strategic cooperation in the fields of opening securities accounts, conducting securities transactions, online financing and financial management channels, etc.in the future. This transaction will forge a brand new internet ecosphere for securities companies.
As legal counsel for CEFC Securities and CEFC Investment, Llinks provided a full range of legal services for this transaction.
