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Landing Facilitates Xi'an Urban Development Group in Acquiring Controlling Stake in Dadi Surveying And Mapping
Time:2023-05-25
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Translator:Zhang Xiaotong

 

Recently, Xi'an Dadi Surveying And Mapping Co., Ltd. (Stock Code: 836742, Stock Short Name: Dadi Surveying And Mapping) announced that it will issue 53.61 million ordinary shares to Xi'an Urban Development (Group) Co., Ltd. (hereinafter referred to as "Xi'an Urban Development Group"). Xi'an Urban Development Group has paid the subscription funds in full. After the issuance, Xi'an Urban Development Group will hold 51% of Dadi Surveying And Mapping's shares, becoming its controlling shareholder, and the actual controller of Dadi Surveying And Mapping will change to Xi'an State-owned Assets Supervision and Administration Commission.

 

For the acquisition of controlling rights of Dadi Surveying And Mapping by Xi'an Urban Development Group, Shanghai Landing Law Offices provided comprehensive legal services. This includes legal due diligence, drafting and revising transaction documents, transaction negotiations, verification, and issuing a legal opinion on the "Acquisition Report". In this project, the Landing team effectively collaborated between the Shanghai and Xi'an offices, overcoming the challenges posed by the pandemic, which resulted in the successful completion of the project and received affirmation and praise from the client.

 

The project was jointly led by Yin Jun, Executive Director and Senior Partner of Landing Shanghai, and Liu Ting, Director of Landing Xi'an. Team members included Sun Xian, Senior Partner at Landing Shanghai, lawyers Peng Siwei, Tao Tianji, and Feng Wenjing from Landing Xi'an.

 

01 About Xi'an Urban Development Group

 

Xi'an Urban Development (Group) Co., Ltd. was established on November 26, 2018, with a registered capital of 20 billion yuan. Authorized by the Xi'an city government, it is a state-owned capital investment and operational company in the urban development field and a large-scale wholly state-owned enterprise group established in accordance with modern corporate governance structures.

 

Upholding its role as an "urban development integrated service provider" and having the mission of "making the city better", the group focuses on Xi'an's national central city and the national "dual centers" (comprehensive national science center and technological innovation center) city construction. Besides, the group integrates the five key elements of "land, talent, data, capital, technology", and adheres to the innovative implementation of a dual-wheel drive strategy, where 'one hand grasps the land and the other grasps technology and talent'. The group's business layout covers fields such as full lifecycle land development, laboratory economy, digital economy, resource revitalization, asset operations, and capital operations. It has developed into a state-owned capital platform leading the new industrial development and a comprehensive service platform promoting urban capacity improvement. As of the end of 2022, the group's total assets amounted to 401 billion yuan, with a domestic credit rating of AAA and an international credit rating of Baa3 (investment grade).

 

02 About Dadi Surveying And Mapping

 

Xi'an Dadi Surveying And Mapping Co., Ltd. was established in October 1994 and got listed on the New Third Board in April 2016. It is a national high-tech enterprise that integrates data collection and processing, software platform development, and technical consulting services. The company specializes in immovable property surveying, engineering measurement, geographical information system engineering, photogrammetry and remote sensing, real-scene 3D, smart city development, and national spatial planning among other geographic information services. It possesses first-class surveying qualifications, second-class land planning qualifications, and second-class engineering exploration qualifications. The company has successfully passed CMMI Level 3, quality management system, information security management system, environmental safety management system, occupational health and safety management system, and has been certified as a Xi'an big data enterprise and dual-soft enterprise. It is ranked among China's top 100 geographic information industry enterprises, recognized as a major natural disaster emergency UAV monitoring station, AAA credit enterprise, A-level taxpayer, AA-level enterprise for archival management objectives, and has been designated as an internship base for university graduates in Xi'an. The company is also one of the leading entities for the "Aerospace Geographic Information Service Export Base" and has a city-level enterprise technology center.

 

With a mission to "earn clients' trust, dignify employees, and promote societal harmonious development through surveying and geographic information", the company adheres to a strategy emphasizing "meticulous management, standardized services, streamlined production processes, and diversified businesses". It has attracted more than 200 high-quality, highly-skilled professionals, including senior engineers proficient in modern surveying and geographic information technology, registered surveyors, and engineers. The company has established a standardized production service and management system and introduced modern surveying and geographic information equipment, ensuring comprehensive service capabilities and quality. It has won over 20 national gold and silver awards for excellent surveying projects, possesses more than 10 patented technologies and over 40 computer software copyrights. It has participated in the formulation of several group standards such as "Technical Regulations for Digital Surveying of Urban Community Renovation", "Specification for Point Cloud Data Compression Encoding in Surveying and Geographic Information", "UAV Remote Sensing Metadata Cataloging", and "River UAV Patrol Inspection Techniques". The independently proposed "Regional Geographic Information Service" standard system construction has been listed as a pilot for standardized services in Xi'an.

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