Alongside its China joint operation partner, Zhao Sheng Law Firm (Zhao Sheng), Linklaters advised Productive Technologies Company Limited (PDT, formerly IDG Energy Investment Limited) on its acquisition of China solar business from RENA Technologies GmbH (RENA). Listed on the main board of the Hong Kong Stock Exchange (Stock code: 650), PDT is engaged in the advanced manufacturing business for semiconductor and solar power as well as holding global energy assets.
PDT, its wholly-owned subsidiary and RENA entered into a sale and purchase agreement on 13 June 2022, regarding the sale and purchase of RENA’s China solar business by the PDT subsidiary. The transaction was completed on 18 August 2022 following the fulfillment of all the conditions precedent to the transaction.
The Linklaters Zhao Sheng team was led by Zhao Sheng managing partner Eric Liu, who specialises in cross-border M&A across a variety of sectors including advanced manufacturing and renewable energy, with support from managing associate Benran Huang. The cross-practice team, comprised members from Linklaters’ Beijing, Shanghai, Hamburg, Dusseldorf and Frankfurt offices, including corporate partner Martina Farkas and antitrust & foreign investment partner Christoph Barth, with support from IP counsel Atif W. Bhatti.
Zhao Sheng managing partner Eric Liu, commented:
“We feel privileged to have been able to act for PDT on this complex cross-border transaction. We congratulate PDT and the other parties on closing this acquisition in such an increasingly challenging and fast-changing legal and regulatory environment.”
The successful closing of this transaction consolidates Linklaters Zhao Sheng’s long-standing reputation in advising on high profile and complex M&A transactions.
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