DEALS
Zhonglun Advises on Techfaith Financing
Zhonglun Advises on Techfaith Financing
NASDAQ listed Techfaith Wireless announced on May 18, 2009 that IDGVC Partners and Infinity Capital Limited agree to invest US$20 million in One Net Entertainment Limited through Techfaith’s wholly owned subsidiary Leo Technology Limited. One Net Entertainment focuses on the development and operation of wireless games application software. The US$10 million investment from IDG will be in the form of convertible notes and the US$10 million investment from Infinity will be in the form of common shares.
The Zhonglun team, led by Anthony Zhao and including Luke Zhang, Salus Gu and Xu Renjie, has acted as the PRC legal counsel for the investors (IDG and Infinity) throughout the whole process of this transaction.
Professionals
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Anthony ZHAO
Equity Partner
ShanghaiPractices： Hong Kong & Overseas Capital Markets,Private Equity & Investment Funds,Cross-border Investment/M&AIndustries： Telecommunications & Internet,Information & Intelligence Technology,Healthcare,Pharmaceuticals & Life Sciences,Education & Training,Media-Sports & Entertainment,Banking & Financial Services,Financial Innovation & Fintech -
Anthony ZHAO
Equity Partner
Shanghai
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Luke ZHANG
Equity Partner
ShanghaiPractices： Private Equity & Investment Funds,Cross-border Investment/M&A,Hong Kong & Overseas Capital MarketsIndustries： Telecommunications & Internet,Information & Intelligence Technology,Pharmaceuticals & Life Sciences,Healthcare,Education & Training,Media-Sports & Entertainment,Financial Innovation & Fintech -
Luke ZHANG
Equity Partner
Shanghai
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