On April 17, 2015, Beijing-based senior partner Yang Guisheng was invited to a meeting held jointed by Chongqing Geological Exploration and Development Bureau and Chongqing Xinhao Investment Co., Ltd. to discuss restructuring of investment in Ethiopian Nankai Mining Co., Ltd.. Yang explained in great detail the cross-border investment structure designed by Dacheng and offered guidance on how to execute the structure. Yang was assisted by partner Zhang Ting, associates Wang Yixuan and Luo Jian.
Nankai Mining Co., Ltd., registered in Ethiopia, is a mineral resource exploration and exploitation company launched by Chongqing Geological Exploration and Development Bureau after an MOU was signed between Ethiopia’s Mining Affairs Department and the bureau. It is invested by Chongqing Dikai Industry Development Co., Ltd. and Chongqing Xinhao Investment Co., Ltd.. Currently, the company has gained mineral resource exploration rights in seven plots, covering more than 1,000 square kilometers.