Dalian Office Supports Orient Asset's Investment in Bank of Dalian-赌博网站

Dalian Office Supports Orient Asset's Investment in Bank of Dalian

2016-10-14

HOME > Guantao News > Deals > Dalian Office Supports Orient Asset's Investment in Bank of Dalian

On 28 April 2016, Bank of Dalian released its 2015 annual report, disclosing that China Orient Asset Management Corporation becomes its strategic investor and first majority shareholder with a 15 billion investment. RMB 8.8 billion would be used to purchase Bank of Dalian's 2.7 billion shares of targeted placement and the remaining amount would be used to purchase its high-risk asset of 10 billion book value.

Dalian Office acts as legal counsel and general coordinating agency for this investment deal. Legal team provides services on due diligence, high-risk asset reorganization and package, asset framework plan, strategic investor review, transaction negotiation, government approval and declaration and closing.

Orient Asset would further improve governance structure of Bank of Dalian, provide consistent strategic support and enhance their coordinated development.

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