Shanggong Shenbei (Group) Co., Ltd. (stock code: 600843, hereinafter referred to as "Shangong Shenbei") acquired 80% of the equity of Shanghai Feier Auto Parts Co., Ltd. (hereinafter referred to as "Feier Company") and The delivery was completed recently.
Shanggong Shenbei is a global group company specializing in manufacturing various types of intelligent equipment. The intelligent equipment it produces are widely used in textile and clothing, automobile industry, aerospace and other fields. In the field of automobile industry, Shanggong Shenbei provides various automated sewing, cutting, and welding processing equipment for well-known automobile manufacturers such as Mercedes-Benz, BMW, Audi, General Motors, Tesla, SAIC, and FAW.
Feier Company was originally a company listed on the National Equities Exchange and Quotations, focusing on the design, R&D, production and sales of automotive interior parts. It has established long-term relationships with internationally renowned auto parts companies such as Yanfeng, Lear, Faurecia and Shanghai Code. strategic partnership.
This acquisition is an important attempt by Shanggong Shenbei to deepen vertical mergers and acquisitions in the industry chain, and will help Shanggong Shenbei further strengthen its overall competitiveness in the fields of automotive interior parts and structural parts.
This project is an acquisition of a New Third Board company by a listed company. The process involves many complex legal issues such as the delisting of the New Third Board company, the transformation of a joint-stock company into a limited liability company, and the change in the use of funds raised by the listed company. Tian Yuan served as the special legal advisor to Shanggong Shenbei in this project. A professional team composed of Tian Yuan partner Xu Tao and leading lawyers Xu Liangyu, Zheng Hao, Zhu Jiayao, etc., relied on their rich experience in capital markets and mergers and acquisitions to provide full-scale legal counsel for this project, high-quality and efficient legal services, which have been widely praised and highly recognized by all parties.
