A Shenzhen business group was involved in an equity transfer dispute. The appellant alleged collusion, challenged an additional lending condition and raised issues concerning regulatory approval, seeking invalidation of the agreement and exercise of pre-emption rights.
Li Shu’s team reviewed notices of the proposed transfer, shareholder responses, contract performance and the transferee’s qualifications. Its submissions addressed notification obligations, the additional transaction condition and requirements relating to state-controlled ownership.
According to YunTing’s account, the Shenzhen Intermediate People’s Court rejected part of the appellant’s claims and preserved the core finding that the equity transfer agreement was valid.