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Guantao advises ‌COSCO Shipping Holdings‌ and ‌Shanghai International Port Group‌ on the ‌capital increase project‌ for ‌Anji Logistics

On December 6, 2024‌, ‌COSCO Shipping Holdings Co., Ltd.‌ (“COSCO Shipping Holdings”) and ‌Shanghai International Port (Group) Co., Ltd.‌ ("SIPG”) respectively issued announcements regarding their participation in the ‌capital increase project‌ of ‌SAIC Anji Logistics Co., Ltd.‌ (“Anji Logistics”) and the progress of related-party transactions.  The announcements stated that ‌COSCO Shipping Holdings‌, ‌SIPG‌, ‌SAIC Motor Corporation Limited‌ (“SAIC Motor”), ‌SAIC Motor Equity Investment Co., Ltd.‌, and ‌Anji Logistics‌ signed the ‌“Capital Increase Agreement for SAIC Anji Logistics Co., Ltd.”‌ and the ‌“Shareholders’ Agreement for SAIC Anji Logistics Co., Ltd.”‌ on December 6, 2024. 

In this transaction‌, ‌COSCO Shipping Holdings‌ and SIPG‌ each contributed ‌RMB 1 billion‌ (excluding transaction costs) to respectively subscribe to ‌RMB 75 million‌ of newly increased registered capital in ‌Anji Logistics‌.  Following the capital increase, ‌Anji Logistics’ registered capital‌ will rise from ‌RMB 600 million‌ to ‌RMB 750 million‌.  The injected funds will be allocated to ‌expand Anji Logistics’ international operations‌, including investment in ro-ro (roll-on/roll-off) vessel fleets‌ and deepening ‌extended logistics services‌ in key overseas markets, so as to establish a ‌door-to-door international end-to-end logistics service system‌ to support the global expansion of the automotive industry. 

This transaction‌ is rooted in the ‌long-term strategic partnership‌ among ‌COSCO Shipping Group‌, ‌SIPG‌, and ‌SAIC Motor‌.  It represents a ‌powerful alliance‌ combining: ‌Shanghai Port‌ (China’s largest ro-ro port); ‌COSCO Shipping Holdings (a global leader in container fleet scale); and ‌SAIC Motor‌ (China’s largest automotive manufacturer and distributor, including its largest automotive logistics subsidiary, ‌Anji Logistics‌).  By integrating their strengths, the collaboration ‌covers the entire automotive logistics chain‌ and establishes a ‌“national team”‌ for ro-ro transportation.

Guantao‌, represented by its partner Zou Hongli‌ and ‌attorney Bao Weihua‌, formed a ‌dedicated legal team‌ acting as legal counsel to the capital-injecting parties SIPG‌ and ‌COSCO Shipping Holdings‌ in this transaction.  The team provided ‌end-to-end, comprehensive, and professional legal services‌, including: ‌Legal due diligence‌; ‌transaction structure design‌; ‌drafting, revising, and negotiating transaction documents‌; ‌and other related work‌.