Zoomlion Heavy Industry Science and Technology’s Acquisition of Controlling Stake in ShenZhen RoadRover Technology

Fangda advised Zoomlion Heavy Industry Science and Technology on the deal.

Zoomlion Heavy Industry Science and Technology Co., Ltd. executed the acquisition of the controlling stake in ShenZhen RoadRover Technology Co., Ltd, becoming its controlling shareholder. 

Zoomlion holds 48.82% of shares in RoadRover Technology, which was achieved with the following two steps: acquisition of 29.99% of shares through the negotiated private transfer, completed on February 23, 2022, making Zoomlion a controlling shareholder of RoadRover Technology; and
tender offer for an additional 23.83% of RoadRover Technology, completed on May 9, 2022.

The Fangda team was led by corporate partners Jeffrey Ding (Picture) and Yvette Liu, and included counsel Yuan Fang and associates Fuhuan Liang, Alex Xu and Josie Zheng.

Involved fees earner: Jeffrey Ding – Fangda Partners; Yuan Fang – Fangda Partners; Fuhuan Liang – Fangda Partners; Yvette Liu – Fangda Partners; Alex Xu – Fangda Partners; Josie Zheng – Fangda Partners;

Law Firms: Fangda Partners;

Clients: Zoomlion Heavy Industry Science & Technology Development Co., Ltd.;