Fangda represented 360 in its equity investment in Hozon Auto, of which 360’s total investment amount is RMB2.9 billion
Tell others about this press release
The press releases published in this section have been uploaded by law firms. Their content has not been appraised or edited by Law.asia, and no responsibility is taken for the accuracy of the information they contain or any misrepresentation therein. For our independent editorial content, please visit our homepage.
Fangda represented 360 Security Technology Inc. (601360, “360”) in its equity investment in Hozon Auto (the operation entity of “哪吒汽车”), of which 360’s total investment amount is RMB2.9 billion. Upon the closing of such investment, 360 will hold 16.5940% of the equity interests in Hozon Auto in total and become the second largest shareholder of Hozon Auto. The Fangda team on this deal was led by partners Jeffrey Ding, Su Wang and Patrick Li, and team members include Emily Xue, Esther Wu, Michelle Wu, Guanying Li and Scarlett Chang. Fangda led the legal due diligence process, and handled drafting, review and negotiation of the transaction documents. Hozon Auto is mainly engaged in the research and development, production and sale of new-energy vehicles.
Join our mailing list for legal news and alerts
Sign up