On December 17, 2020, Ossen Innovation Co., Ltd., a China-based manufacturer of an array of plain surface, rare earth, and zinc coated pre-stressed steel materials, announced that it has entered into a definitive agreement and plan of merger, pursuant to which Ossen Innovation will merge with a special-purpose vehicle that shall, at the effective time of the merger, become an indirect wholly owned subsidiary of Pujiang International Group Limited. Wilson Sonsini Goodrich & Rosati acted as the U.S. legal counsel to Pujiang International Group.

The transaction is expected to close during the first half of 2021, subject to customary closing conditions, including the approval by shareholders of Ossen Innovation.

The Wilson Sonsini team advising Pujiang International Group is led by partners Dan Ouyang and Jie Zhu, and includes Xuchao Dong and Rujin Ruan.

For more information, please see Ossen Innovation’s press release.