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Fangda Represents Tree House Limited in $460M Sale of Pole Star to Victory Giant Technology
Fangda represented Tree House Limited in the sale of 100% equity interest in its wholly owned subsidiary Pole Star to Victory Giant Technology for an aggregate consideration of no more than USD 460 million through an auction process
Fangda Partners represented Tree House Limited in the sale of 100% equity interest in its wholly owned subsidiary Pole Star Limited (“Pole Star”) to Victory Giant Technology (stock code: 300476, “VG”) for an aggregate consideration of no more than USD 460 million through an auction process. This transaction was closed on December 1st, 2023 and post transaction, VG holds 100% equity interests in Pole Star and all of its subsidiaries, including MFS Technology (S) Pte. Ltd. (“MFSS”), MFS Technology (M) Sdn Bhd, MFS Technology (Hunan) Co., Ltd., MFS Technology (PCB) Co., Ltd., MFS Technology (Yiyang) Co., Ltd. and MFS Technology Europe UG.
MFSS, founded in 1988, is a leading global innovative provider of flexible printed circuit (FPC) and interconnect solutions, specializing in the design and production of high-density, multi-layer FPCs in terminal industries such as medical treatment, data storage, automobile and industrial control.
In this transaction, Fangda led the vendor legal due diligence process involving China, Singapore and Malaysia, negotiated with bidders during bidding process, assisted in conducting PRC merger control filings and provided legal support with respect to transaction structuring, acquisition financing and capital market compliance.
Fangda team on this deal was led by partners Chen Bao, Yan Kang, Caroline Huang, Rock Wang. Team members include counsels Kai Wang, Zhangxian Chen, Ray Xu, Harry Xu, Lingbo Wei, associates Qichao Chen, Claire Li, Leon Lu, Sandy Peng, Katherine Huang, Tracy Cai, Jeanette Zhang, Linya Liu, Ellison Ma, Irene Li, Lydia Li and Ann Fang.
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