Dacheng Advises Zhongou Shengshi Asset Management (Shanghai) Co., Ltd. on Securities Issuance under Special Asset Management Plan
In February, 2015, Zhongou Shengshi Asset Management (Shanghai) Co., Ltd. offered pawn assets-backed securities under Zhongou Shengshi-Zhongan Xinbang No.1 Special Asset Management Plan.
The plan was set up by Zhongou Shengshi Asset Management (Shanghai) Co., Ltd. for the management of specific assets for a number of chosen investors. Assets collected under the plan would be used to buy creditor’s right owned by Shanghai Xinbang Pawn Co., Ltd. and Beijing Xinbang Pawn Co., Ltd..
A Dacheng team led by senior partner Li Shoushuang advised on the issuance of securities under the plan. The team was responsible for providing relevant legal advice, conducting due diligence and issuing attorneys’ opinion letter. The team also included Li Xue, Lin Fangfei, Wang Xiaoxiao and Chai Yuan.
The plan was set up by Zhongou Shengshi Asset Management (Shanghai) Co., Ltd. for the management of specific assets for a number of chosen investors. Assets collected under the plan would be used to buy creditor’s right owned by Shanghai Xinbang Pawn Co., Ltd. and Beijing Xinbang Pawn Co., Ltd..
A Dacheng team led by senior partner Li Shoushuang advised on the issuance of securities under the plan. The team was responsible for providing relevant legal advice, conducting due diligence and issuing attorneys’ opinion letter. The team also included Li Xue, Lin Fangfei, Wang Xiaoxiao and Chai Yuan.