Fangda represents Philips in its strategic investment in A-share listed company B-SOFT
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Fangda Partners represented Philips (China) Investment Co., Ltd. (“Philips”) in its strategic investment in B-Soft Co., Ltd. (“B-SOFT”, stock code: 300451.SZ), which was announced on May 12, 2022. Philips purchased around 10% of the total issued share capital of B-SOFT from B-SOFT’s controlling shareholder (Mr. Ge Hang) and his person acting in concert (Fuding Jiaying Enterprise Management Consulting Co., Ltd.) and two other existing shareholders, at the price of around RMB1.225 billion. 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 A-share listed company. Fangda team on this deal was led by partners Leo Lou and Andrew Zhang, with key members including Yixin Zhang, Yuan Cao, Tao Lin, Munan Cao, Josie Zheng, Jun Gu and Yanlin Guo. Partner Michael Han and counsel Swita Gan provided support in this deal.
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