China National Complete Plant Import & Export’s 30% Acquisition of Tialoc Singapore Pte. Ltd.

King & Wood Mallesons acted for China National Complete Plant Import & Export Corporation Limited.

China National Complete Plant Import & Export Corporation Limited (“Listco”), via its designated wholly-owned subsidiary in Hong Kong SAR, purchased from a wholly-owned Hong Kong SAR subsidiary of China National Complete Plant Import & Export Group Corporation Limited (the “Complant Group”) 30% of its shareholding in Tialoc Singapore Pte. Ltd. for a consideration of RMB378.9 million, and obtained the voting rights of its remaining shareholding by way of an entrustment arrangement. 

The purpose of this project is to enhance the profitability of the Listco, maximize shareholders’ interests, achieve the strategic transformation of the Listco into the environmental protection industry, and further strengthen the competitive advantage of the company.

The Listco was founded by the Complant Group as a joint stock company limited by shares, was incorporated in March 1999, and was listed on the Shenzhen Stock Exchange in September 2000. The Listco is primarily engaged in the export of complete equipment sets, as well as project contracting, general trade business and overseas industrial business. 

With the approval by the then Chinese Premier Zhou Enlai, the Complant Group was jointly established and administrated by the Ministry of Foreign Trade and the First Ministry of Machinery Industry in November 1959. In 2009, following approval by the State Council, the Complant Group was integrated into the State Development and Investment Corporation as its wholly-owned subsidiary. The Complant Group is primarily engaged in international contracting projects, which encompasses overseas investments, international trade, export of labour services and training on international integrated business systems. 

Founded in 2001 in Germany and now headquartered in Singapore, the Tialoc Group has subsidiaries in South East Asia and China, and is primarily engaged in main contracting for projects, environmental technology and composite materials.

The KWM lead partner of the transaction is Yong Kaichang (Picture), and the responsible partners are Zhao Jingchuan, Jiao Fugang, Wang Ningyuan, Zhang Yanan, Molly Su, Su Chang and Li Zhenghao

Involved fees earner: Su Chang – King & Wood Mallesons; Jiao Fugang – King & Wood Mallesons; Zhenghao Li – King & Wood Mallesons; Su Meng – King & Wood Mallesons; Wang Ningyuan – King & Wood Mallesons; Kaichang Yong – King & Wood Mallesons; Yanan Zhang – King & Wood Mallesons; Jingchuan Zhao – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: China National Complete Plant Import & Export Corporation Limited ;

Sonia Carcano

Author: Sonia Carcano