Recently, the CSRC formally approved Shanghai Electric Group Co., Ltd. ("Shanghai Electric", an A+H shares listed company)'s purchase of 47.18% shares in Shanghai Prime Machinery Co., Ltd. (a H-share listed company), 50.1% equity in Thales SAIC Transport, 100% equity in and 26 land plots of Shanghai Electric Group Property Company, with transaction amount reaching about RMB 6.628 billion, and fund raising, through non-public offering, not exceeding RMB 3 billion.

LLinks Law Offices ("LLinks") acted as the Chinese legal advisor to Shanghai Electric for this deal, providing the Chinese legal services in the whole process, such as scheme demonstration, legal due diligence on underlying assets, drafting of transaction documents, issuing Chinese law opinions, examination and verification by CSRC reorganization committee, with two of its partners CHEN Wei and HUANG Yan designated to lead the legal advisors team. Clifford Chance acted as the Hong Kong legal advisor to Shanghai Electric.