Fortune 500 Company Sells Chinese Subsidiary

A Fortune 500 company sold its wholly-owned subsidiary in China to a Chinese buyer in March 2016 for approximately RMB86 million. Our firm represented the Fortune 500 company in all legal aspects of the equity transfer transaction, including seller's due diligence on the target company, drafting and negotiation of all the transaction documents, employment matters, and all governmental filings and approvals with respect to the equity transfer deal.