Fangda represented Didi Chuxing in its B-2 funding round of US$5.5 billion.
Fangda represented Xiaoju Kuaizhi Inc. ("Didi Chuxing") in its Series B-2 financing in an aggregate amount of US$5.5 billion, to bankroll its expansion beyond China and into driver-less technology. This round of financing makes it Asia's most valuable startup worth of over US$ 50 billion. The deal was closed on April 28, 2017. The firm’s team was led by corporate partner Peng TAN.
Peter Yuen & Associates in association with Fangda Partners represented Haitong Securities as the sole underwriter to the HK$2.588 billion rights issue of CC Lands Holding Limited.
Peter Yuen & Associates in association with Fangda Partners represented Haitong International Securities Company Limited as the sole underwriter to the HK$2.588 billion rights issue of CC Land Holding Limited (HKEx Stock Code: 01224). The rights issue was completed on 28 April 2017. CC Land is principally engaged in property development and investment as well as treasury investment, and it had recently announced that one of its subsidiaries had entered into an agreement to purchase a company that holds the Leadenhall Building, a building that is located in the prime financial and insurance districts of London, the United Kingdom. CC Land issued 1,294,111,556 rights shares at HK$2 per share. The rights issue was over-subscribed, and dealing in the rights shares commenced on the Hong Kong Stock Exchange on 2 May 2017. The firm’s team is led by corporate partner Arnold Pang, and the team members consist of Geoffrey Cheung, Fiona Chan and Wan Pui.
Fangda represented Alibaba Pictures and Yunfeng Fund in their investments in Linghe Culture.
Fangda represented Alibaba Pictures and Yunfeng Fund in their investments in Linghe Culture Media (Shanghai) Co., Ltd., which is founded by the famous screenwriter Bai Yicong. The transaction was closed on April 1, 2017. The firm's team was led by corporate partner Peng TAN.
Fangda represented Swire Beverage in its participation in Coca Cola's complete restructuring of its China bottling operations to franchisee companies.
Fangda represented Swire Beverage, a subsidiary of Swire Pacific (HKSE: 00019), in its (i) acquisition of equity interests in the bottling operations from The Coca-Cola Company, (ii) acquisition through auction of equity interests in the bottling operations from COFCO Coca-Cola Beverages Limited, a ultimate subsidiary of state-owned COFCO Corporation, (COFCO) and (iii) disposal of equity interests in certain bottling operations to COFCO. The net amount of the consideration payable by Swire Beverage in respect of such realignment is around RMB4,600 million. The deal was closed on March 31, 2017. The corporate team is led by Norman ZHONG and Helen FAN. The antitrust team is led by Michael HAN.
Fangda represented Dürr to sell an 85% stake in its cleaning and surface processing division to Shenyang Blue Silver Group.
Fangda represented Dürr in its sale of 85% of the shares in the Dürr Ecoclean Group, Dürr's cleaning and surface processing division, to Chinese engineering and machinery company Shenyang Blue Silver Group (SBS Group), a PRC listed company, for more than € 100 million. The transaction was closed on March 31, 2017. The corporate team is led by Norman ZHONG and Helen FAN.