King & Wood Mallesons advises Greenland on its Back-door Listing
King & Wood Mallesons (“KWM”) advised Greenland Holding Group (“Greenland”) on its successful completion of back-door listing by injecting assets of over RMB 66.7 billion into Shanghai Jinfeng Investment Co., Ltd. (“Jinfeng Investment”) in exchange for over 11.6 billion shares. In this project, assets restructuring included two processes: replacement of assets, and purchase of assets by issuing shares. To-date, this is the largest non-financial corporate M&A deal in the China A-share market.