Davis Polk Advises Yintech on Its Going-Private Transaction

Davis Polk is advising Yintech Investment Holdings Limited in connection with its acquisition by a consortium led by its founders for $0.365 per ordinary share or $7.30 per American depository share in a Cayman Islands short-form merger. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2020.

Headquartered in Shanghai, China, and listed on Nasdaq, Yintech is a leading provider of investment and trading services for individual investors in China and is focused on the provision of gold and other commodities trading services, securities advisory services, securities information platform services, overseas securities trading services and asset management services.

The Davis Polk corporate team includes partners Li He and Howard Zhang, counsel – registered foreign lawyers Yunpeng Fan and Ran Li and registered foreign lawyer Jie Zhang. Members of the Davis Polk team are based in the Beijing and Hong Kong offices.