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Fangda represented Boyu Capital in its strategic investment in Jinke Services
Fangda Partners represented Boyu Capital in its strategic investment in Jinke Smart Services Group Co., Ltd. (“Jinke Services”, stock code: 09666.HK), which was announced on December 16, 2021. Broad Gongga Investment Pte. Ltd.(“Broad Gongga”), an investment entity controlled by Boyu Capital, purchased 22% of the total issued share capital of Jinke Services from Jinke Services’ controlling shareholder Jinke Property Group Co., Ltd.(“Jinke Property”, a company listed on the Shenzhen Stock Exchange under the stock code: 000656.SZ), at the price of around HK$3.734 billion. Besides, Broad Gongga makes available to Chongqing Jinke Enterprise Management Group Co., Ltd., a subsidiary company of Jinke Property, a loan facility in an amount equal to U.S.$156.8 million with the loan term of 364 days. Fangda fully involved in this deal, participating in analysis of transaction structure, legal due diligence, drafting and negotiation of transaction documents, and information disclosure of H-share listed company and A-share listed company. Fangda team on this deal was formed by partners and associates from different practice groups and across offices. Fangda team was led by partners Leo Lou, Colin Law, Stanley Chen and Caroline Huang, with key members including Jieyan Liang, Harry Xu, Chris Peng, Yuan Cao, Tao Lin, and Jenny Ding from Shanghai office, and Kitty Chan, Hong Ding, Eric Li, and John Cheung from Hong Kong office. Xiaodong Liang also provided support in deal execution.
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