On April 24, 2023, the results of the procurement project of General Technology Group's domestic law firm alternative library were announced, and Beijing King&Capital Law Firm was identified as one of the M&A and restructuring library units.
Founded in 1998, China General Technology (Group) Holding Company Limited ("GTG") is an important state-owned backbone enterprise directly managed by the central government, and in December 2018, GTG was approved to become a pilot enterprise of state-owned capital investment company. 2022, GTG was ranked 45th in the list of central enterprises. At present, General Technology Group owns four listed companies, namely Shenji, Global Healthcare, China Pharmaceutical, and China Textile Label. In recent years, General Technology Group focuses on the three main industries of advanced manufacturing and technical services, medicine and healthcare, trade and engineering services, continuously optimizes the layout and structure, constantly strengthens the innovation drive, and strives to promote high-quality development. The Group has been awarded A grade for 12 consecutive years (2009-2020) in the business performance appraisal of central enterprises. Since 2014, the Group has been listed in the Fortune Global 500 for seven times.
King&Capital is shortlisted in the M&A and Restructuring Pool, and will be mainly responsible for providing professional legal services in respect of investment, acquisition and M&A, equity transactions, asset restructuring, as well as capital operation, restructuring and fund projects, such as new establishment, merger, demerger, dissolution, liquidation, insolvency (including bankruptcy and reorganization), financing and other projects of the company, within the system of General Technology Group.
Liu Jingxia, senior partner of the Finance Department, took the lead in organizing the bidding process and received full support from a number of partners, lawyers and assistants from the Finance Department, Civil and Commercial Litigation Department, Corporate and Compliance Department, Capital Markets Department, etc. Meanwhile, the Business Management Department, Finance Department, Operational Support Department and other functional departments also gave a lot of help in the bidding process.
King&Capital will adhere to the firm culture of "pursuing excellence and living up to the trust", provide high-quality, professional and efficient legal services for GTIG, and endeavor to contribute to GTIG to become a world-class enterprise with global competitiveness.
