Fangda acts as the counsel to Zoomlion Heavy Industry Science and Technology Co., Ltd. (“Zoomlion“, a dual-listed company, 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), becoming its controlling shareholder.
The transaction was notable as a typical deal involving an A share-listed company acquiring a controlling stake in another A share-listed company. The acquisition was completed through a negotiated private transfer following with a tender offer.
Upon completion, Zoomlion holds 48.82% of shares in RoadRover Technology, which was achieved with the following two steps:
RoadRover Technology remains a listed company.
Fangda team was led by corporate partners Jeffrey Ding and Yvette Liu, and included counsel Yuan Fang and associates Fuhuan Liang, Alex Xu and Josie Zheng.