Grandall as agent of a central enterprise to implement notification of concentration of business operators has been approved successfully
Grandall Legal Group (Beijing) (hereinafter referred to as "Grandall") was entrusted by a central enterprise which is under direct supervision of the State-owned Assets Supervision Commission of the State Council to perform a concentration of business operators’ notification service to Ministry of commerce's(MOFCOM) for this central enterprise' cross-boarder acquisition.This acquisition was estimated at nearly RMB 10 billions, involving a dozen domestic and overseas acquisition targets companies. According to the Anti-Monopoly Law and relevant regulations of the P.R.C, such acquisition should apply for anti-monopoly review at MOFCOM. Due to the large size, multi-national and multi-regional nature of this transaction, this concentration of business operators’ notification was deemed to be difficult and complex.
As the entrusted agent for this notification, Grandall's partner, Mr. Weidong WANG led team members Ms. Xiaoyi FENG and Mr. Guonan ZHANG and accomplished this notification. Their diligent material preparation and communication work was highly recognized by the Anti-Monopoly Bureau of the MOFCOM. Meanwhile, Grandall team also won praises from client for producing high quality work within a minimum period of time. This notification is now approved and adds another success to Grandall’s anti-monopoly practice.