Dacheng advises on formation of special asset management scheme
On 26 April 2014, a special asset management scheme administered by Wanjia Gongying Assets Management Co successfully raised RMB100m (£10m). A Dacheng team led by Jinan-based senior partner Wang Lin advised on the formation of the scheme.
The fund will be directed to a Yanzhou-based urban investment company in the form of entrusted loans to support the demolition of shanty towns and the construction of indemnificatory housing in two local districts.
Wanjia Gongying Assets Management Co is a joint venture founded by a public fund and a third-party financial adviser.
The team led by Lin also included associates Wang Chao and Gao Yuyu.
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