Fangda represented CDBC as the lead investor in its investment in Aerospace Era Feihong Technology Co., Ltd. with a transaction price of RMB 1800 million
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Fangda Partners represented CDBC as the lead investor in its investment in Aerospace Era Feihong Technology Co., Ltd. (“Feihong”), involving a transaction price of RMB 1,800,000,000. The transaction was closed in December 2022. Fangda team on this deal was led by partner Qiang Chen and Tess Lin, and the team members included Mandy Wang, Scarlett Xiao, Guanying Li, Daisy Shi and Julia Yang. Fangda handled legal due diligence, drafting, review and negotiation of the transaction documents, and assisted in the closing process. Feihong is an unmanned aircraft system development and sales entity under China Aerospace Science and Technology Group Co., Ltd.
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