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On 17 March 2016, material asset restructuring of Fengfan Stock Co., Ltd. (stock code: 600482; stock short name: Fengfan Stock) was conditionally approved by China Securities Regulatory Commission.

This is a landmark project in the area of securitization of state-owned enterprise. This is the first time that military assets being symmetrically injected into listed company. This is also the largest securitization of military assets. The complexity of this project is unprecedented in history due to its difficulty in obtaining government approval (including the approval of Ministry of Finance, State-owned Assets Supervision and Administration Commission of the State Council, Ministry of Commerce, General Armament Department, State Administration of Science, Technology and Industry for National Defense, National Nuclear Safety Administration and China Securities Regulatory Commission) and number of target companies, the final restructuring report has 1284 pages.

After the deal, all operational assets of eight affiliates of China Shipbuilding Industry Corporation will be transferred into Fengfan Stock, by then Fengfan will possess the most advanced technologies and become the most competitive company in the industry.

Guantao team was led by partners Hao Jingmei, He Pukun, Yin Zhiqiang, Wu Hua and Nie Chao, also assisted by six associates.