On March 23, 2020, Dezhan Healthcare Co., Ltd. (stock abbreviation Dezhan Healthcare, stock code 000813, “Dezhan Healthcare”), Dai Yanzhen and Beijing Chang Jiang Mai Medical Technology Co., Ltd. (“Chang Jiang Mai”) entered into a certain Investment Agreement among Dezhan Healthcare Co., Ltd., Dai Yanzheng and Beijing Chang Jiang Mai Medical Technology Co., Ltd., pursuant to which, Dezhan Healthcare will, at RMB 770 million, acquire 70% of the shares in Chang Jiang Mai held by Dai Yanzhen and become the controlling shareholder of Chang Jiang Mai. The team led by Wang Ting, Tan Jun, and Cao Ying of ZhongYin Law Firm represented Dezhan Healthcare on this deal, and provided it with full-process legal services, including but not limited to developing and reviewing transaction plans, conducting legal due diligence, participating in transaction negotiations, preparation of transaction documents and other legal services.
Dezhan Healthcare is a company listed on the main board of the Shenzhen Stock Exchange. It is committed to human life science research and development with focuses on cardio-cerebral vascular drugs, anti-cancer and anti-tumor drugs, healthcare products, functional drinks, ecological water and other fields. Chang Jiang Mai has been dedicated to modern disinfection technology for more than 20 years and has made comprehensive innovations in various fields of modern disinfection. It is the first disinfection technology innovation-oriented enterprise in China. Its “Jianzhishu” series disinfectants have become the leading products in the industry and are used in various industries such as public health, medical care, food and beverage, social service, military, railway, civil aviation, and school, and available for home, travel, and other civilian markets.
Previously during the epidemic, Dezhan Healthcare and Chang Jiang Mai joined hands to actively respond to the requirements of the Emergency Offices of Hubei Provincial and Wuhan Municipal Health Commissions, and worked hard to provide technical services for disinfection engineering. In addition, a total of 37 tons of Jianzhisu disinfectants were donated to key epidemic-stricken areas to support the fight against the epidemic. Dezhan Healthcare and Chang Jiang Mai will make this cooperation based on the former’s advantages in capital and market resources and the latter’s leading achievements in the modern sanitation and disinfection market, and jointly build a new pattern for healthcare industry development.
The team of Wang Ting, Tan Jun and Cao Ying currently consists of nearly twenty professional lawyers, has extensive experience and a large number of successful cases in practicing in domestic and overseas IPO and listing, refinancing of listed companies, M & A, reorganization, NEEQ listing, private equity and investment fund, foreign investment, bond issuance, asset securitization, regular legal counseling and other areas, and has a profound understanding of the PRC laws and regulations and regulatory practices, and thus can provide flexible, high-quality and value-adding legal services based on the different characteristics of different clients.