Dacheng Attorney Advises Zhangjiang High-tech Park Development Co on Major Property Transfer

Recently, senior partner Shang Jiangang from Dacheng Shanghai office represented Shanghai Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd. in a property transfer project involving Buildings No.1 to No.6 and the underground garage of Building No. 7 of Shengyin Plaza situated at No. 666 Shengxia Road and No. 122 Yindong Road of Pudong New Area, Shanghai. With the help of attorney Shang, the company concluded the deal with Shanghai Yongshi Assets Management Co., Ltd.. On December 27 2013, Shanghai Zhangjiang High-tech Park Development Co., Ltd. (stock code: 600895), parent company of Zhangjiang Integrated Circuit Industrial Park Development Co., Ltd., released an announcement about the deal.
 
The integrated circuit industrial park developer is a wholly-owned subsidiary of Zhangjiang High-tech Park Development Co., Ltd.. The property transfer in question would involve RMB641,385,929, the largest single transaction for the developer in recent years. According to the announcement released by its parent company, the transaction would produce a net gain of RMB190mln.