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Tus Service completed title transfer for its acquisition of 18.61% equity in Uni

Updatetime:2015-04-15    Click:

ZDS has successfully completed as the sole FA a deal involving Uni-splendor Group’s sales of 18.61% equity in Uni-splendor Guhan Group Corporation (“Unisplendor Guhan”) to Tus Service Co., Ltd. (“Tus Service”), a subsidiary of Tus-Holdings Co., Ltd. The deal amounted c. CNY640 mn, after which Tus Service become Unisplendor Guhan’s controlling shareholder.

The share sales is a strategic adjustment of Tsinghua University’s industry structure, an adjustment made by Tsinghua Holdings Co., Ltd. (“Tsinghua Holdings”, wholly State-owned company founded by Tsinghua University, a controlling shareholder of Tus-Holdings). Tsinghua Holdings is to further consolidate business resources through industry structure optimization.

As one of the four leading companies of Tsinghua Holdings, Tus-Holdings is a global leading comprehensive tech service provider, boasting rich experience and ability for full services. Tus-Holdings controls and holds over 200 enterprises, with over CNY30 bn total assets. Tus-Holdings leveraged hi-tech park and new urbanization construction platform, financial assets management platform, innovative research and consulting platform, and technology industry investment platform and formed gradually a “3-core driver, multi-point coordination” all-dimension business structure covering property, finance, industry, hotels, education, and media.

Tus Service is a large hi-tech company capable of full supply-chain incubation steered and founded by Tus-Holdings. It is committed to becoming the Chinese leader and global model in tech service sector. Today, Tus Service covers Tus-Holdings’ existing tech service assets. The acquisition of Unisplendor Guhan is in line with Tus Service’s business strategy. The acquisition strengthens Tus Service’s ability for ‘extended incubation through MA’, further augments Tus Service’s core competence, and builds a leading tech service enterprise having strong tech innovation ability and synergized innovation ability.

The share sales will help Tsinghua Holdings in future for its sector-wise capital operation, build diversified sources of financing, enhances financing efficiency, accelerates business optimization and upgrade, promotes a sustained and healthy development, and ultimately achieves the holistic tech service landscape designed by Tsinghua.

ZDS is sole FA in the deal, assisting its clients completing deal structure design, agreement signing, regulator communication, and other needed MA service. In meanwhile, ZDS went a step further by providing consulting, analysis, negotiation, and other professional services for the client’s financing/investment, capital operation, and business strategy, which was highly recognized by the client’s Management. The deal success not only demonstrated ZDS’ strong execution ability in MA deals, but tightened strategic partnership between Tsinghua University capital platform and ZDS as well.

The share sales received MoF approval on March 26 2015. On April 15, 2015, the deal parties have completed title transfer of Unisplendor Guhan.

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