Cleary Gottlieb represented a consortium of existing shareholders in a going-private transaction of SOKO Fitness & Spa Group, an OTC BB traded company, through a short-form merger. As a result of the merger, SOKO became a wholly owned subsidiary of Queen Beauty and Wellness Group Limited and terminated its SEC-reporting obligations as a public company.
SOKO Fitness & Spa Group is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in Beijing, Zhengzhou and Hangzhou.
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