On June 15, 2011, the Issuance and Review Committee of China Securities Regulatory Commission issued an approval to Sichuan Western Resources Holdings Stock Co. Ltd. for its application on private placement stocks. The fund raised from the refinance will be used for its acquisition of 80% equity interests in Nanjing Yin Mao Lead-Zinc Mine Co. Ltd. This acquisition also constituted material assets restructuring of the listed company in that the net assets of this target company have exceeded 50% in the Western Resources. Retained as special project legal advisor for refinance, JC Master provided comprehensive, professional and top-quality legal services to Western Resources. |
