14 03 2016

Taikang Life and Fosun Pharma invest $ 154 Million in More than 10 Affiliated Hospitals under Xuzhou Coal Mining Group

Zhong Lun Advised Taikang Life and Fosun Pharma on Their Investment in More than 10 Affiliated Hospitals under Xuzhou Coal Mining Group


Fosun Pharma (600196) recently announced its investment with Taikang Life in more than 10 affiliated hospitals under Xuzhou Coal Mining Group, with a total investment amount of RMB 1billion. The transaction is a typical case that private institutional investors invest in hospitals under the control of state-owned company, involving substantial legal issues including restructuring, approval, taxation, and placement of employee etc.. Taikang Life Insurance Corp., Ltd. offers life, annuity, and health insurance products. The company, led by Dongsheng Chen and Wang Daonan, was founded in 1996 and is based in Beijing Shanghai Fosun Pharmaceutical (Group) Co., Ltd. is a pharmaceutical company. The company, led by Chen Qiyu, Yao Fang, Hongfei Jia, Li Dongjiu and Li Xianlin, is based in Shanghai. The team of Zhong Lun Law Firm, led by Jason Liu (Picture) and Wang Lijuan, with the support of Frank Zhu, Yuxin Fan, acted as the legal counsel to Taikang Life and Fosun Pharma. Involved fees earner: Jason Liu - Zhong Lun Law Firm; Frank Zhu - Zhong Lun Law Firm; Lijuan Wang - Zhong Lun Law Firm;

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