Fangda represented Zoomlion in its acquisition of the controlling stake in RoadRover Technology
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Fangda Partners represented Zoomlion Heavy Industry Science and Technology Co., Ltd. (“Zoomlion”, A-share stock code: 000157.SZ, H-share stock code: 01157) in its acquisition of the controlling stake in ShenZhen RoadRover Technology Co., Ltd. (“RoadRover Technology”, stock code: 002813.SZ). The transaction was announced on February 8, 2022.The transaction will be implemented by means of negotiated transfer and tender offer. Upon completion, Zoomlion will hold no less than 48.82% of shares in RoadRover Technology, which include: (1) 29.99% of shares to be acquired from the negotiated transfer, with a consideration of RMB779,859,960; and (2) no less than 18.83% of shares to be acquired from the tender offer. Fangda team has been fully involved in this transaction and has participated in the following processes: discussion on transaction structure, legal due diligence, documentation, commercial negotiation, information disclosure by both parties, etc. Fangda team is led by corporate partners Jeffrey Ding and Yvette Liu and team members include Fuhuan Liang, Yuan Fang, Alex Xu and Josie Zheng.
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