Trusted legal advisors worldwide

NEWS

ZHONG LUN ASSISTED INSIGHT IN COMPLETION OF FIRST A2A CASE

16 June 2016

On 5 June 2016, Xiamen Insight Investment Co., Ltd. (“Insight”, SZSE:000526) announced that the Cayman Islands Registrar of Companies had issued the Certificate of Merger on 4 June 2016 Beijing time, indicating the completion of the merger between Xueda Acquisition Limited, a Cayman subsidiary of Insight Investment and Xueda Education Group (“Xueda Education”, NYSE:XUE). After this, Xueda Education will be delisted from the New York Stock Exchange and become a wholly-owned subsidiary of Insight, marking the achievement of the first A-share listed company’s acquisition of a Chinese Concept Stock with VIE structure by direct privatization.  Acting as Insight’s PRC legal counsel for the transaction, Zhong Lun Law Firm (China)  provided a full range of legal services to Insight, including the overall deal structuring, De-VIE planning, and completion of regulatory procedures and formalities.