Han Kun represents Volkswagen China in its investment in JAG
2020-05-29
On 29 May 2020, Volkswagen (China) Investment Co., Ltd. ("VCIC") signed a letter of intent with Anhui SASAC and Anhui Jianghuai Automobile Group Holdings Limited ("JAG") regarding a capital increase in JAG. VCIC plans to acquire a 50% stake in JAG, the controlling shareholder of Anhui Jianghuai Automobile Group Corp., Ltd. (600418), and increase to 75% its stake in JAC Volkswagen Automotive Co., Ltd., its joint venture for electric automobiles. This strategic investment is a transaction in which a multinational corporation is actively participating in the in-depth reform of Chinese automobile industry enterprises.
As PRC legal counsel for VCIC, Han Kun provided legal services throughout the transaction, including assisting in deal structure design, conducting legal due diligence, drafting and negotiating certain transaction documents, and providing PRC legal advice.