King & Wood Mallesons advises Wolong Electric Group on assets restructuring

King & Wood Mallesons has assisted Wolong Electric Group Co (Wolong) in its major assets restructuring and thereby materialised the securitisation of overseas assets on the A-share market.

Wolong acquired 100 per cent shares in Hong Kong Wolong Holding Group Co (Hong Kong Wolong) from Zhejiang Wolong Yu Shun Investments Co (Wolong investment) by new share issue and cash payment to Wolong Investment.

Eighty-five per cent of the consideration is paid by shares allotted to Wolong Investment and the other 15 per cent of the consideration is paid in cash. 

King & Wood Mallesons acted as the legal counsel for Wolong. This project was led by partners Zhang Xingzhong and Jiao Fugang. Partner Mr Zhang Yongliang provided strong support to the project.