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20 Apr 2017

DaHui Advises on Chinese ListCo’s MAR in Gaming Sector

DaHui recently acted as lead counsel to publicly-listed Zhejiang Dragon Pipe Manufacturing Co., Ltd. (SZSE: 002619) on its acquisition of Beijing Muzhiwan Science and Technology Co., Ltd. and Sooying Science and Technology Co., Ltd., leading gaming and video streaming companies. The company has successfully secured CSRC approval for a major assets restructuring (MAR) to issue new shares of RMB 2.7 bil for the acquisition.

This deal signifies a major step for Dragon Pipe/EGLS’ continued expansion into the gaming and video streaming sectors. The DaHui team for this project was led by managing partner Richard Ma and partner Brendon Wu.

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