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AllBright Advises Shenzhen East Group on Tender Offer for Shenzhen Universe
AllBright Advises Shenzhen East Group on Tender Offer for Shenzhen Universe
2013-11-016431AllBright has advised Shenzhen East (Group) Co., Ltd. (“Shenzhen East Group”) on its tender offer for Shenzhen-listed Shenzhen Universe (Group) Co., Ltd. (stock code: 000023.SZ). The transaction was closed after receiving regulatory approval from the China Securities Regulatory Commission on August 27, 2013.
Shenzhen East Group, already Shenzhen Universe’s largest shareholder before the transaction, previously held a 29.99 percent stake in Shenzhen Universe. The offer helps further stabilize Shenzhen Universe’s shareholder structure.
The AllBright team that advised East Group on the deal consisted of partner Daniel Xu, and associates Peter Zhu and Candice Du.
