DeHeng Advised Jiangsu Transimage Technology Co., Ltd.
on Completion of Major Asset Restructuring Transaction

2018-9-06

Jiangsu Transimage Technology Co., Ltd. ("Transimage Technology," stock code: 002866) recently closed a major asset restructuring project to acquire by cash payment 100% equity in Dongguan Mae Tay Electronics Co., Ltd. ("Dongguan Mae Tay").

Transimage Technology, a state-level high-tech enterprise, is primarily engaged in the research, development, production, and sale of components for notebook computers and other consumer electronics. Dongguan Mae Tay, the target company of this transaction, is primarily engaged in the research, development, production, and sale of computer peripheral products such as keyboards, mouse devices, and their parts and components. Both Transimage Techonology and Dongguan Mae Tay manufacture electronic information equipment. This successful major asset restructuring transaction will allow Transimage Technology to expand its business and product range; increase its product categories to desktop computer keyboards, mouse devices, and injection and molding parts; give full play to the synergy effect of its business; promote the comprehensive competitiveness of Transimage Technology; enhance the firm's risk resistance; and contribute to the strategic planning of Transimage Technology in Dongguan and South China.

As legal counsel for Transimage Technology, DeHeng formed a project team composed of Chen Haixiang, Yang Xinghui, Dong Chen, and He Xinyu, who provided Transimage Technology with legal services including transaction plan design; legal due diligence; transaction negotiations; the drafting, review, and revision of legal opinions; and the closing of the equity transaction.