Three assets restructuring projects approved with the help from Grant Thornton.

Recently, three major asset restructuring projects of Beijing Zhong Chuang Telecom Test Co., Ltd. (ZCTT), China Zhonghua Geotechnical Engineering Co., Ltd. and Tonghua Shuanglong Chemical Industry Co., Ltd.  were approved by the Audit Committee of Mergers and Acquisitions of Listed Companies of China Securities Regulatory Commission (CSRC ) with the help from Grant Thornton.

The successful approval of the three material assets reorganisation projects demonstrates Grant Thornton’s professional and specialized service capability in the field. Among the three projects, ZCTT, with its less than 1.2 billion Yuan market value, purchased Xinwei Telecom Enterprise Group which having an estimated asset value of 30.8 billion Yuan, and has become the largest back-door cases in the A-share market so far this year.