Zhongcheng Qingtai (Jinan) Law Firm Helps Shangang Rizhao Company to Successfully Complete Mixed Ownership Reform


Published:

2021-04-22

Zhongcheng Qingtai (Jinan) Law Firm Helps Shangang Rizhao Company to Successfully Complete Mixed Ownership Reform

On December 3, 2019, the shareholders meeting of Shandong Iron and Steel Group Rizhao Co., Ltd. was successfully held, marking the successful completion of the core employee stock ownership plan project of Shandong Iron and Steel Group Rizhao Co., Ltd., which was the special legal adviser of the firm, and the company's mixed ownership reform achieved substantial results.

Shandong Iron and Steel Group Rizhao Co., Ltd. was listed as the first batch of mixed ownership reform pilot enterprises and the second batch of employee stock ownership pilot enterprises by the State-owned Assets Supervision and Administration Commission of Shandong Province. The company is a traditional asset-heavy enterprise, the asset volume is large, the number of employees holding shares is large, the mixed reform work is more difficult. At the same time, the company is also the company that publicly promised in the "Ask the Government Shandong" column in August 2019 that it must complete the mixed reform on schedule. To this end, the Institute has set up a professional service team of Zhou Jiyong, Scout, Hu Youbin and Gao Xin to provide services for the company.

Since providing legal services, our lawyers have completed the drafting and revision of various documents according to the time point set by the company, answered the company's questions at any time, designed the path for the problems encountered, cooperated with the consulting company to assist in revising the employee stock ownership plan, provided suggestions for the establishment of the employee stock ownership platform, demonstrated the difficult problems encountered in the process and provided legal opinions and suggestions, revised the capital increase plan and capital increase agreement, and revised the articles of association, issue legal opinions on employee shareholding and legal opinions on capital increase, provide advisory services for the issues of the shareholders' meeting, and ensure that the company completes the mixed reform on schedule.

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