CMEC is a company incorporated in the PRC and is an international engineering contractor and service provider with a primary focus on the engineering, procurement construction (EPC) projects and particular expertise in the power sector, capable of providing one-stop customized and integrated engineering contracting solutions and services. CMEC is also engaged in trading, services, design consultation and other emerging sector business.

The Clifford Chance team was led by partners Tim Wang and Amy Lo, with support from consultants Tommy Tam and Dayan Jiang, senior associate Queenie Tong and associate Anson Wong, and trainee Tobias Wong.

Commenting on the transaction Tim said, “We are pleased to have been appointed by China Machinery Engineering Corporation on this strategically important transaction in China’s industrial sector. Our work reflects on our ability to offer seamless advice across a multi-jurisdictional perspective in capital markets and M&A. We would like to thank China Machinery Engineering Corporation for their trust and confidence in our team on such an important mandate. We look forward to seeing the company continue its phenomenal growth and success in the future.”

This is the second merger by absorption advised by Clifford Chance in 2021, after the successful privatisation of Shanghai Prime Machinery Company Limited. Clifford Chance is currently advising Beijing Capital Group Co., Ltd. on the proposed privatisation, through its wholly owned subsidiary, of Beijing Capital Land Ltd., a company incorporated in the PRC and listed on the Hong Kong Stock Exchange.