Han Kun Law Offices advises on AsiaInfo Security's acquisition of AsiaInfo Technologies - The first STAR Market major asset restructuring to involve an A-share company acquiring an H-share company
November, 2024 - Beijing, Mainland China
Han Kun Law Offices represented AsiaInfo Security (688225.SH), a company listed on China's STAR Market, in successfully completing the acquisition of a controlling interest in AsiaInfo Technologies (01675.HK), a company listed on the Main Board of the Hong Kong Stock Exchange. This transaction marks the first major asset restructuring of a STAR Market-listed company acquiring a Hong Kong-listed company. During the transaction process, Han Kun provided comprehensive Chinese legal services to AsiaInfo Security across multiple aspects, including designing the financing structure of the deal, notifying of the concentration of undertakings, drafting and negotiating the transaction documents, coordinating between domestic and overseas listing rules, and supervising the major asset restructuring.
AsiaInfo Security (688225.SH) is a leader in China's network security software sector, providing network security products and services to government and enterprise clients. AsiaInfo Technologies (01675.HK) is a provider of software products, solutions, and services, serving clients across various industries including telecommunications operators, radio and television, energy, government affairs, transportation, finance, and postal services. Following the completion of this transaction, AsiaInfo Security and AsiaInfo Technologies will closely integrate their core advantages to achieve complementary benefits, enhancing both parties' operational capabilities in terms of economies of scale, industrial chain integration, operating costs, sales channels, and technical integration.
