Guantao Assisted Joincare on Its Subscribing USD 30 Million Share of Apricot Forest, Inc.-赌博网站

Guantao Assisted Joincare on Its Subscribing USD 30 Million Share of Apricot Forest, Inc.

2016-10-14

HOME > Guantao News > Deals > Guantao Assisted Joincare on Its Subscribing USD 30 Million Share of Apricot Forest, Inc.

On 27 January 2016, Joincare Pharmaceutical Industry Group Industrial Co., Ltd. (hereinafter referred to as "Joincare", which listed on Shanghai Stock Exchange) announced that it would subscribe USD 30 million series D shares in Apricot Forest, Inc. (registered in Cayman) through its wholly-owned subsidiary - Tiancheng Industrial Co., Ltd. (henceforth "Tiancheng Industrial"). After the deal, Tiancheng Industrial is expected to own 14.88% outstanding shares of Apricot Forest, Inc.

In this transaction, Guantao is mainly responsible for negotiating on the investment term sheet and due diligence on the counterparty Apricot Forest, Inc.'s domestic assets and checking the transaction files, etc. Guantao team was led by partners Henry Hong and Yao Bohua, who provided full PRC legal services.

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