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GLO advises Guangdong Electronics Information Industry Group on its acquisition of Foshan Electrical and Lighting
2016-01-15

Guangdong Electronics Information Industry Group Company’s acquisition of Foshan Electrical and Lighting Co., Ltd. (000541), a company listed on Shenzhen Stock Exchange, has been successfully closed recently. The target of this RMB2.62 billion worth acquisition is the 171,360,391 A-shares of FELCO, representing 13.47% of its outstanding shares, formerly held by OSRAM GmbH, an affiliate of SIEMENS.

 

Guangdong Electronics is a wholly-owned subsidiary of Guangdong Rising. After the completion of the deal, Guangdong Rising, through its subsidiaries, ultimately and collectively holds 294,420,550 A-shares and B-shares of FELCO in total, representing 23.144% of the outstanding shares of FELCO, and has become the ultimate controlling shareholder of FELCO.

 

Global Law Office acted as the legal counsel to Guangdong Electronics in this transaction and provided a the full range of  legal services, including conducting the legal due diligence, designing the deal structure, drafting and negotiating the transaction documents, and obtaining the governmental approval.  Global’s team was led by our partner Mr. Liu Jinrong, and the other members include Shifang Guo and Lei Chen.