The combination between Dentons and 大成 is now effective. For information on the firm's global capabilities please visit As a courtesy to clients and others seeking information on the Firm's capabilities in China this website will remain public for several months.

Dentons advised Ningbo Xianfeng New Material on disposal of its shares in an ASX listed company

Recently, a Dentons team in China advised Ningbo Xianfeng New Material (“NXNM”, stock code: 300163) in relation to its sale of major overseas assets and the related transactions. NXNM sold its 84.35% stake in Kresta Holdings Limited (“KRS”), a listed company on the Australian Securities Exchange (ASX), to another overseas company controlled by its de facto controller through its wholly owned subsidiary in Hong Kong. Changjiang Financing Services was the independent financial advisor for this major asset restructuring. Fujian United Assets Evaluation & Land and Real Estate Appraisal Co., Ltd. and MAZARS conducted an evaluation and an audit, respectively, on KRS. The legal service team was composed of Dentons’ senior partner Wang Hanqi, partner Fan Jianhong and associate Guo Mengyuan. 

In 2007, Dentons was retained to act as the legal advisor on NXNW’s listing, and successfully assisted the company in getting listed on the GEM board in 2011. In the past decade, we have advised the company on numerous matters, including acquiring KRS through on-market tender offer, issuing shares, purchasing assets, major asset restructuring, and standing legal services on security-related corporate issues. Our service was highly commended and recognized by NXNW and other participating agencies. 

The team’s services included participating in the design and analysis of the major asset restructuring plan, coordinating the due diligence work with Australian lawyers and Hong Kong lawyers, carrying out on-site due diligence on KRS in Australia, drafting and reviewing the transaction documents and other relevant files of this restructuring, attending the shareholders’ meeting regarding this restructuring, responding to the feedback of the Shenzhen Stock Exchange, and issuing legal opinions and providing verification on this transaction. With rich experience and professional capabilities in the field of capital market, the team has provided strong legal support for the success of this transaction. 

Founded in 2003, NXNW is a high-tech company engaged in the R&D, production and sales of polymer compound sun-shading materials. With its core competitive advantages, it has gained a prominent position in this industry in China, and its products are sold in more than 30 countries and regions around the world.