Fangda advised Shangqi Capital with its investment in the pre-IPO financing of Ruipu Energy involving an aggregate investment amount of RMB2.2 billion
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Fangda Partners advised Shangqi Capital, a PE fund founded by SAIC Motor Corporation, in connection with its investment in the pre-IPO financing of Ruipu Energy Co., Ltd. (“Ruipu Energy”) involving an aggregate investment amount of RMB2.2 billion. The transaction was announced in February 2022. Ruipu Energy, established in 2017, is a premier new energy battery manufacturing company focusing on providing customized and breakthrough solutions for electric vehicle power system and energy storage system.
The Fangda team advising on this deal was led by partners Joe Zhou and Dalin Cong, and team members also include Chris Peng, Neal Yang and Anna Wu. Partners Arman Lie and Candy Tang and associate Elena Qian also provided support in this deal. Members of the Fangda team participated in the entire process of the transaction, including legal due diligence, deal structuring and negotiation of the transaction documents.
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