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Guantao Law Firm

18/F, TOWER B, XINSHENG PLAZA, 5 FINANCE STREET, XICHENG DISTRICT, BEIJING 100032, CHINA
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Work +86 10 6657 8066
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Fax +86 10 6657 8016
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www.guantao.com
Beijing, Chengdu, Dalian, Guangzhou, Hong Kong, Jinan and 5 more

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Guantao advised All Team Group Limited on its expansion and restructuring of its business in the PRC

November 2010

On 31 August 2010,Ming Fai International Holdings Limited (Stock Code 3828) (“Ming Fai”) completed its acquisition of the entire issued share capital of and the related shareholder’s loan to All Team Group Limited (“All Team”). The consideration was RMB 250,000,000.

All Team and its PRC subsidiaries are engaged in the manufacturing and distribution of cosmetic products and younger line female fashion accessories in the PRC, being one of the leading distributors in such market. The group has more than 800 exclusively contracted retail stores and owns brand name of “7 Magic” which is broadly recognized in the PRC. The group’s product branding includes PAREL, Wonder Girls branded cosmetic from Korea and Pierre Cardin from France.

Guantao acted as the PRC legal counsel to All Team in connection with this project and advised on all PRC law matters relating to All Team’s acquisition and restructuring of its business in the PRC and its subsequent share acquisition transaction with Ming Fai. Guantao Partner Ms YAN Pengpeng was the team leader and associate Ms RONG Yan was a major member of Guantao team.


For more information please visit www.guantao.com

 

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