ZhongYin Assists Toyou in Obtaining The CSRC’s Unconditional Approval over its Major Assets Restructuring
January 16, 2019, the Listed-Company Merger, Acquisition, and Reorganization
Review Committee of China Securities Regulatory Commission (the CSRC) held its
first meeting for the year of 2019. At the meeting, an unconditional approval
was granted to the share issuance, assets purchase in cash, and
related fund raising project of
Toyou Feiji Electronics Co., Ltd. (under
stock code 300302, with stock short name Toyou). The team led by
Gao Wei, a senior partner of ZhongYin Law Firm, represents Toyou on this project.
Toyou has been deeply engaged in the storage
industry for 30 years. It is a leading domestic provider of big data storage
infrastructure bearing its own brand and with independently developed
intellectual property rights. It mainly engages in research, development and
application of data storage, data protection and disaster recovery
technologies. It adheres to independent innovation, and is committed to
providing solutions and consultative services relevant to big data application to
users in government, finance, special industries and many other industries.
target company of this deal, Hongqin (Beijing) Technology Co., Ltd., owns domestic
cutting-edge CPU extension, flash memory wafer modeling, extremely fast data
destruction and other technologies. The acquisition will help Toyou to open up
a completely independent developing and controllable path from “chip to system”
and integrate Toyou’s storage software product and system development capability
with Hongqin’s deep experience at device component level, realize complement
between the upstream and the downstream of the industrial chain and fully
leverage the efficient synergy of the market.
Wei’s team members all graduated from domestic first-class law schools, and
have represented nearly 100 companies on listing, and merger & acquisition.
They have rich experience and good social recognition in representing A-share, H-Share
and NEEQ listing cases.