Fangda represented China Life Insurance and Ping An Life Insurance in their investments in Huadian Fuxin Energy
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Fangda Partners represented China Life Insurance and Ping An Life Insurance in their investments in Huadian Fuxin Energy Development Co., Ltd. (“Huadian Fuxin Energy”). The financing amount of Huadian Fuxin Energy in this transaction is RMB15 billion, among which, the investment amount of China Life Insurance is RMB2 billion and the investment amount of Ping An Life Insurance is RMB550 million. The deal was closed in December 2021. As the only new energy development and integration platform under China Huadian Corporation, Huadian Fuxin Energy is a leading domestic new energy power generation enterprise. The Fangda team on this deal was led by partners Dong Wu, Patrick Li and Zhuan Jiang. Fangda led the legal due diligence process, handled drafting, review and negotiation of the transaction documents and the closing matters.
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