Professional profile
About Dai
Partner | Cross-border M&A, outbound investment, foreign direct investment, project finance
Dai Weibin is a partner in Duan & Duan Law Offices’ Xiamen office whose practice focuses on mergers and acquisitions and cross-border investment and financing. His official profile describes experience with overseas greenfield projects, acquisitions and mergers, foreign investment, cross-border project financing and the full range of legal work required for companies expanding outside China. He works in Chinese and English.
Read full profile
Dai’s profile is especially relevant to Xiamen companies using Southeast Asia as a manufacturing and trading corridor. His representative matters include providing legal support to Chinese-invested companies in Thailand, advising on a Philippines manufacturing project involving equity structure, land purchase and equipment import, and handling an acquisition in Indonesia for Chinese commercial clients. These are not merely equity transactions. They involve the practical legal architecture required to make an overseas industrial project operate.
An outbound manufacturing acquisition usually has several legal layers. China-side outbound investment procedures need to be completed. The acquisition vehicle and financing structure must be designed. The buyer needs reliable local-law due diligence on land, environmental permits, employees, licenses and taxes. Equipment may be imported into the host country under customs and tax rules. The target’s customer contracts and local incentives may depend on the existing ownership structure. Each of those workstreams can create a closing condition.
Dai’s representative work in Thailand, the Philippines and Indonesia gives his profile a strong ASEAN orientation. This is particularly useful for Fujian and Xiamen businesses in manufacturing, logistics, consumer products, cross-border commerce and industrial investment. ASEAN deals often move quickly because land, permits, local partners and project construction are commercially interdependent. A buyer that signs an unconditional acquisition before confirming land or licensing can acquire shares in a company that cannot legally implement the planned plant expansion.
His foreign-direct-investment work also matters for inbound transactions. A foreign company considering investment into China or acquisition of a Chinese business needs to assess market access, entity structure, capital, permits, employees and contracts. Dai’s official practice areas include cross-border investment rather than only outbound work, making him relevant to both directions of investment.
Project financing is another important dimension. Overseas manufacturing projects often rely on shareholder loans, bank financing, guarantees or staged capital. Financing conditions must align with the acquisition and construction timeline. If a bank requires land title and permits before drawdown but the purchase agreement requires payment before those items are available, the buyer can face a funding gap. Transaction counsel needs to identify those dependencies before the SPA becomes binding.
Land diligence is particularly important in many ASEAN jurisdictions because ownership, lease, industrial-estate rights and foreign-investment restrictions vary. A Chinese buyer should not assume that buying the target company automatically gives it the land position needed for the next phase of development. The legal team must verify title, encumbrances, zoning, development rights and whether the proposed ownership structure can legally hold or use the property.
Dai’s profile also indicates familiarity with equity-structure design. That matters where local law or commercial partners make a joint venture preferable to a wholly owned structure. Governance, reserved matters, funding and exit need to be designed at the same time as the acquisition.
ASEAN manufacturing acquisitions frequently require more than a conventional legal due diligence report. The buyer needs a dependency map showing which land rights, tax incentives, operating licenses, import privileges and local employees are essential to the investment case. A target may appear legally sound as an existing business but be unable to support the buyer’s planned expansion. Dai’s project-oriented work is particularly relevant where the acquisition is only the first step in building new capacity.
Equipment import is another practical issue. A buyer may sign a land or share acquisition assuming that machinery can be shipped from China immediately after closing. Host-country customs rules, product standards, duty exemptions and incentive conditions may alter that assumption. The acquisition agreement and project timetable should therefore coordinate legal completion with equipment-import readiness and construction milestones.
His cross-border financing experience is also important where project funds come from several sources. Equity contributions, shareholder loans, local bank facilities and China-side financing may have different conditions. Counsel should confirm that the legal structure permits the intended funding and that security packages do not conflict with local ownership restrictions. A sound acquisition structure is one that can actually be funded and built, not merely one that transfers the target shares.
For buyers using an acquisition as the platform for a larger factory build-out, Dai’s experience is especially relevant because the corporate acquisition and the project cannot be separated economically. The buyer should know before signing whether the post-closing company can hold the land rights, receive the equipment, obtain financing and implement the intended expansion. This project-oriented approach distinguishes a usable cross-border acquisition from a transaction that merely transfers shares.
Capability
