Hylands Assists Hainan State Farms Asset Fund in Completing Establishment and Filing

Recently, Hainan Huisheng Private Equity Fund Management Co., Ltd, a semiconductor industry fund invested by Hainan State Farms Asset Management Co., Ltd, has completed its filing in the Asset Management Association of China (Registration Code P1072556), for which Hylands has provided special legal services.

Huisheng Fund was jointly established by Hainan State Farms Assets and Tongxi Capital. As a holding subsidiary of Hainan Provincial State-owned Assets Supervision and Administration Commission, in the context of the era of strong technology and manufacturing, and relying on the policy dividends of the free trade port, Huisheng Fund focuses on equity investment in the field of technology and manufacturing and the semiconductor field; the core business team members assigned by Tongxi Capital are all from well-known financial institutions at home and abroad, and have led investments in multiple cross-border M&A cases of semiconductors, overseas listings of Chinese companies, overseas asset acquisitions and integration of Chinese companies, and have accumulated extensive experience in cross-border investment and integration. With international horizons and professional services, Huisheng Fund assists the development of national solid technologies and maximizes the win-win situation for enterprises and investors.

Hylands has closely followed the guidance of national and industry policies in providing legal services for modern service industries and high-tech industries such as semiconductors. On this occasion, Hylands has provided special legal services for such industry fund, proposed professional advices on shareholding structure, management system and senior management setting, scrutinized the qualification of its private equity fund manager and issued legal opinions to the Asset Management Association of China, and assisted the customer in successfully completing the registration. Hylands has established a project team with Beijing Office Partners Lin YAN and Yanlong LI as the principals and Yujing BAI as the main member to provide professional, high quality and efficient legal services.