Hylands Assists CCCC First Highway Engineering Group and China RongTong Real Estate Group in Signing Cooperation Agreement


Recently, CCCC First Public Company Group Limited (hereinafter referred to as "CCCC First Public Company Group") and China RongTong Real Estate Group Limited (hereinafter referred to as "China Rongtong Real Estate Group") have formally signed a cooperation agreement. Pursuant to the cooperation agreement, CCCC First Public Company Group shall officially transfer 40% of the equity of RongTong No. 1 Engineering and Construction Company Limited and RongTong No. 2 Engineering and Construction Company Limited, which are wholly-owned subsidiaries of China RongTong Real Estate Group respectively. CCCC First Highway Engineering Group and China Rongtong Real Estate Group will make the best use of their shareholder advantages to continue to deepen cooperation and achieve their cooperation objectives.

CCCC First Public Company Group is the flagship enterprise of China Communications Construction Group, a Fortune 500 company, and an industry leading comprehensive service provider of large-scale infrastructure services integrating consultation and planning, investment and financing, design and construction, and management and operation. Currently, CCCC Group has more than 90 subsidiaries and branches with distinctive professional features, with more than 24,000 employees and more than 260 qualifications, including 11 highway special grade, 1 housing construction special grade and 1 engineering survey comprehensive grade A qualification. It has been awarded the honors such as "National Civilized Unit" and "National Excellent Construction Enterprise", and is the first subsidiary of CCCC System with total assets, annual new contract amount and business revenue all exceeding RMB 100 billion. Furthermore, it features the superiority of integrated service of investment, construction and transportation in the overall industrial chain, and has been listed as the contact point for Party building of state-owned enterprises and "Double Hundred Action" enterprise. China RongTong Real Estate Group is one of the first three wholly-owned subsidiaries established by China RongTong Group. Its principal business covers the complete fields and processes of real estate operation. Oriented as "a first-class real estate management company featuring comprehensive infrastructure operation capabilities", it has been striving to become the real estate holding company with the most capital asset strength and the most competitive real estate management company in China, following the general requirements of "closed-loop management of assets vertically and synergistic layout of business horizontally" and orderly laying out business sectors such as livelihood real estate, industrial real estate, commercial real estate and real estate services. 

A legal service team made up of Miao ZHANG, Senior Partner and Lawyer from Hylands, Lawyers Zhoujian PEI, Ming GONG and Yudong AI, as well as Assistant Lawyers Jialu WANG and Luyao WANG, was engaged as special legal advisor for this project of CCCC First Highway Engineering Group, to provide legal services for the Project, including legal due diligence investigation, transaction proposal demonstration, drafting and review of transaction documents, legal risk control, issuance of legal opinions, etc.