On 3 July 2026, China Tourism and Culture Investment Group Co., Ltd. (600358.SH, "CUTC") received the approval from the China Securities Regulatory Commission for its issue of shares to purchase assets and fund-raising. Grandall Shanghai has been retained as the legal counsel of the CUTC for this material asset restructuring project.
The company intends to acquire 100% equity interest in Jiangxi Runtian Industrial Co., Ltd. through a combination of share issuance and cash payment, with a total consideration of RMB 3.009 billion, and raise supporting funds of no more than RMB 930 million concurrently.
Grandall's legal team is comprised of Grandall Shanghai partners LIU Wei, LIN Zhen and LI Han, lawyers JIN Yu, PAN Yuchen, Ling Yufei and YE Bei, together with data compliance lawyers WU Haoli and SHEN Wen. Additionally, as the perennial legal counsel, Grandall Nanchang partners CAI Ming and ZHANG Lu, and lawyers REN Haolin and LIU Jiaxing, collaborated with Grandall Shanghai in delivering full-cycle legal services for the project.