Fangda advises Gree Electric in acquisition of controlling stake in A-share listed DUN’AN Environment
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Fangda Partners represented Gree Electric Appliances, Inc. of Zhuhai (“Gree Electric “, stock code: 000651.SZ) in its controlling acquisition of Zhejiang Dun’an Artificial Environment Co., Ltd. (“DUN’AN”, stock code:002011.SZ). The transaction was announced on November 17, 2021.The transaction will be implemented by means of negotiated transfer and non-public offering of A-shares. Upon completion, Gree Electric will hold a total of 38.78% shares in DUN’AN, which include: (1) 29.48% shares from negotiate transfer, with a transaction price of RMB2.19 billion; (2) 9.3% shares from non-public offering, with a transaction price of RMB810 million. Fangda fully involved in this project, participating in due diligence, negotiation of transaction documents, merger control filing and information disclosure. The Fangda team on this deal was led by corporate partners Leo Lou and Caroline Huang. Team members include Jieyan Liang, Harris Zhang, Fuhuan Liang, Alex Xu, Anna Hu and Yu Shang.
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