On February 26 2013, China Dredging and Merchant Supreme announced the completion of merger with China Growth Equity Investment, a special purpose acquisition company (“SPAC”). Pingtan Marine Enterprise Ltd., a surviving entity following the merger, was established and listed on NASDAQ.
 
Pingtan Marine Enterprise is a marine infrastructure group whose PRC subsidiaries are engaged in dredging and ocean fishing.
 
Dacheng acted as PRC counsel for the merger of China Dredging and Merchant Supreme. The project team was led by Dacheng’s Fuzhou-based senior partner Li Qingqing, with the support of attorneys Yu Haiyan, Wu Jiangcheng and Huang Chongchong.