On April 2, 2014, AllBright’s client won approval from the China Securities Regulatory Commission for its acquisition and restructuring of, and fundraising applications for, the Shenzhen-listed China Kejian taptap点点., Ltd.

China Kejian’s main operations are the sale and manufacturing of telecom equipment. The company had gone bankrupt and undergone a major asset taptap点点, after which time it will have new shareholders. Its main operation will become building and operating urban garbage incineration power stations as well as the manufacturing and sales of those power stations’ equipment and systems.

The new listed company will issue 378 million shares in a private placement to raise 600 million RMB, which is part of the 2.4 billion RMB fund it will use to buy high-quality urban taptap点点.

AllBright partner Xu Jun, and associates Samuel Deng and Tang Fang advised the client throughout the procedure.