Zhong Lun Advised on InnoLight’s Merger with Zhongji Equipment
Zhong Lun Advised on InnoLight’s Merger with Zhongji Equipment
On August 10, 2017, Shandong Zhongji Electrician Equipment Co., Ltd. (“Zhongji Equipment", stock code 300308) announced that it had completed the acquisition of 100% equity in Suzhou InnoLight Technology Co., Ltd. (“InnoLight") through share swap for the total consideration of RMB 2.8 billion as well as the private placement of new shares to raise RMB 490 million.
The legal team from Zhong Lun Law Firm, led by Anthony Zhao, acted as the legal counsel to Zhongji Equipment and provided a whole package of legal services for this transaction. Michael Gu, William Jia and Shirley Xiang handled the legal matters in relation to such material assets reorganization and A-share market with the support from Chelsea Li, Shiny Zhang and Charles Wu. Scott Yu, Frank Jiang and Yiwei Wu provided legal support in relation to the approval from the Ministry of Commerce for the strategic investment by foreign investors in listed companies.
InnoLight is a world leading high speed optical transceiver supplier, and focuses on providing better solutions for cloud computing data centers, wireless access and next generation network. Since Google Capital and Lightspeed invested in InnoLight in 2014, Zhong Lun has actively participated in InnoLight’s financings and restructuring, and has provided a full spectrum of legal services to InnoLight.