On 27 November, 2024, Pony AI Inc. (NASDAQ: PONY) was successfully listed on the NASDAQ Stock Exchange, becoming the first Robotaxi company to go public in the world. BAIC Group Co., Ltd. made a strategic investment in Pony and subscribed for its ADS with an amount exceeding USD 70 million. Grandall served as the legal advisor for BAIC Group in the deal with Partners Yang Juan and Li Bo in charge of the aspects related to foreign investment and state-owned assets supervision, Partner Lu Ruyi responsible for anti-monopoly and Partner Hu Jing for compliance and national security review.
On November 27, 2024, SF Holding Co., Ltd. (“SF Holding”), a leading enterprise in China's express delivery and logistics industry, was listed on the Hong Kong Stock Exchange, for which, Grandall Beijing Office served as the legal advisor on China data compliance with partner Hu Jing and other lawyers serving the case.
Recently, the registration for the private placement of stocks by GCL (Group) Holdings Co., Ltd. (“GCL Group”, stock code: 002506), for which Grandall Beijing served as the special legal counsel for the issuer, has been approved by the China Securities Regulatory Commission.
Grandall Nanjing Office has advised Ganzhou Chenguang Rare Earths New Material Co., Ltd., a subsidiary of Shenghe Resources (600392.SH), on its acquisition of 86% of equity in Jiangyin Jiahua New Material Co., Ltd. held by NEO International Corporation (NEO), 95% in Zibo Jiahua New Material Co., Ltd. held by NEO and 5% in Zibo Jiahua New Material Co., Ltd. held by Zibo Shijia Trading Co., Ltd. Grandall Nanjing Office has been retained by Chenguang Rare Earth as the legal advisor for this acquisition project.
On 18 June, 2024, Shanghai Lingang Economic Development (Group) Co., Ltd (“Lingang Group”) successfully issued offshore RMB social responsibility bonds of 800 million on both the Hong Kong Stock Exchange and the Luxembourg Stock Exchange, becoming the world's first offshore RMB social responsibility bond by a non-financial institution and the first social responsibility bond from China listed on the Luxembourg Stock Exchange.
Biocreatech announced its completion of tens of millions of yuan of Series A funding recently. Grandall Shenzhen Office, as the special legal advisor of the company, has vigorously participated in the review, revision and negotiation of relevant transaction documents, greatly promoting the smooth progress of the transaction.
On 13 March 2024, Newtechwood Corporation (301588 S.Z.) successfully listed on the ChiNext Board of Shenzhen Stock Exchange. Grandall Shenzhen Office acted as the issuer's advisor with Mr. WANG Caizhang, Ms. PENG Yao and Mr. LI Deqi as key lawyers serving the case.
On 28 February 2024, Nanjing Comptech Composites Corporation successfully listed on the ChiNext Board of Shenzhen Stock Exchange, marking the first company listed on the ChiNext Board after the spring festival of 2024. Grandall Nanjing Office worked as the issuer's legal counsel with Zhong JING, Zhuo WANG, Xi PAN and Fei YANG as key lawyers serving the case.
On 5 February 2024, Welltrans O&E Co., Ltd. (“Welltrans”) issued the Announcement on the change of control from Jun Chen to State-owned Assets Supervision and Administration Commission of Hubei Provincial People's Government.
On 29 March 2023, Seacon Shipping Group Holdings Limited (“Seacon”, 2409.HK) successfully listed on the mainboard of Hong Kong Stock Exchange. Grandall Hong Kong has been retained as the legal advisor for this IPO project with partners Daniel Wan and Agnes Wong as key lawyers serving the case.
Deal gives Aramco a significant minority stake in China's largest private chemical processing company
