Dacheng attorneys advise on proposed takeover of media company

On 16 April, China Securities Regulatory Commission (CSRC) gave approval to Guangdong Guangzhou Daily Media Co for its proposed takeover of Shanghai Advision Media Co via payment of cash and stock issue. The takeover was advised by a team composed of Shanghai-based partner Zhang Xinming, Beijing-based senior partner Xu Dong and Guangzhou-based associate Cao Daowei.

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