Fangda represented four investors in their RMB 3.09 billion investment in Zhejiang Times Lithium
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Fangda Partners represented National Manufacturing Transformation and Upgrading Fund (国家制造业转型升级基金), National Green Development Fund (国家绿色发展基金), Comprehensive Reform Fund (综改基金) and Zhejiang Industrial Fund (浙江省产业基金) in their investment in Zhejiang Times Lithium Battery Material Co., Ltd (浙江时代锂电材料有限公司, “Times Lithium”), involving a transaction price of RMB 3.09 billion, representing 46.81% equity shares being subscribed. The transaction was signed and closed in June 2022. The Fangda team on this deal was led by partner Yingjie Wang. Team members include Ray Xu, Xiaoyu Xu, Bingya Zheng and Qiyu Guo. Fangda handled legal due diligence, drafting and negotiation of transaction documents and assisting the closing. Times Lithium primarily engages in manufacturing and sales of ternary positive electrode precursor material for high nickel type power batteries.
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