Han Kun's Hong Kong Associate Law Firm Represents 9F Inc. in Acquiring Primasia Securities Asia Limited
2016-08-25
Han Kun's Hong Kong Associate Law Firm has recently represented 9F Inc. ("9F") in its successful acquisition of Primasia Securities Asia Limited ("Primasia") upon relevant approvals by the Securities and Futures Commission of Hong Kong (the "SFC"). Primasia is granted several licenses by the SFC for regulated activities such as dealing in securities and asset management.
9F, as China's leading mobile Internet platform providing comprehensive financial services, focuses on the financial science and technology sector. 9F's sub-brands include Wukonglicai, 9F Wallet, Wecash, Fenqi Go and Jiuxin Assets. After the acquisition, Primasia will officially change its name to 9F Securities and become the subsidiary of 9F in Hong Kong. As the operation entity of 9F in Hong Kong, 9F Securities will conduct Internet securities trading, intelligent financial management, comprehensive wealth management and asset management. The completion of the acquisition symbolizes 9F's further acceleration in its strategy of financial science and technology internationalization.
Han Kun's Hong Kong Associate Law Firm provided legal services in the form of: designing transaction structure and researching on relevant legal issues, conducting due diligence on target company, drafting and reviewing applications submitted to the SFC for changing majority shareholder of the target company, drafting and reviewing the share purchase agreement and other transaction documents, participating in negotiations, assisting with closing, as well as providing general legal opinions regarding applicable laws and regulations in relation to the transaction.