Paul Hastings and Beijing-based Commerce & Finance Law Offices have advised Chinese state-owned meat processor Henan Luohe Shuanghui Industry Group Co. Ltd. on an intra-company consolidation of assets valued at $4.6 billion.
The asset swap is aimed at ending horizontal competition between the parent company and a Shenzhen-listed subsidiary, Shuanghui Investment Development Co. Ltd. The deal will see the subsidiary take over all meat processing assets in the group while the parent will take over logistics assets.
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