DeHeng Advised Baihe.com on the Acquisition of Jiayuan.Com

2017-11-01

Recently, the National Equities Exchange and Quotations (NEEQ) formally approved the major asset restructuring project for the acquisition of Jiayuan.com (NASDAQ: DATE) by Baihe.com (ticker symbol: 834214). This project is the first successful case of acquisition of overseas listed companies with red chip structure by a public company listed on the NEEQ. DeHeng provided a full range of legal services for the project.

Baihe.com is the first online dating service provider in China for users registered by real names, and its vision is to "help hundreds of millions of Chinese people to have a happy marriage and family". By the end of 2015, Baihe.com officially launched the acquisition project of Jiayuan.com, which lasted for three years. After many rounds of verification, the major asset-restructuring project was finally completed.

DeHeng Law Offices acted as the Chinese attorneys for this project. The project team primarily included attorneys Bi Xiuli, Wang He, Wu Lei and Fang Tianhong, and participated in such matters as verification of the major assets reorganization plan for Baihe.com, privatization of Jiayuan.com, drafting relevant agreements, conducting due diligence, issuing legal opinions and other Chinese law matters. The project results in the alliance of the two giants in the field of online dating service.

DeHeng also provided a full range of legal services for dismantling of the red-chip structure of Baihe.com, listing on NEEQ and a series of capital operations after it becomes a public company.