Recently, Bauing Group (China A share listing company, stock code: 002047) has announced that their wholly-owned subsidiaries, Bauing International Construction Investment Co., Ltd and Bauing Group Australia Pty Ltd, entered into a Master Contract for Design, Procurement and Construction of Tourism Infrastructure and Smart Prefabricated Buildings in Mornington Peninsula, Victoria, Australia with Peninsula International Group Pty. Ltd and Double One New Building Technology Pty Ltd on 3 May 2018. The contract sum is tentatively set to be RMB 1.3 billion.
Zhong Lun Law Firm acts for Bauing International Construction Investment Co., Ltd in this project and has handled all the legal matters of the whole project, including drafting and revising the construction project master contract, and providing Australian and PRC legal advices. The Zhong Lun team is led by partners Wayne WANG and Lifeng REN, and assisted by associate Jolie XU.