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Zhong Lun Advised Australia’s DuluxGroup on Their Sale of Coating Business in Mainland China and Hong Kong
Zhong Lun Advised Australia’s DuluxGroup on Their Sale of Coating Business in Mainland China and Hong Kong
DGL Camel International Limited (now renamed as DGL International (Hong Kong) Limited, abbreviated as “DGL")，a company 51% owned by DuluxGroup of Australia (ASX code: DLX)), entered into transaction documents in January 2018 to sell most of its coatings portfolio in Hong Kong and mainland China, including the Camel brand, to Yip’s Chemical Holdings Limited (HKEx code: 00408). The consideration of the transaction is around AUD 20 million.
Zhong Lun Law Firm acted as the legal counsel for the vender, reviewed and revised transaction documents, prepared closing documents, assisted with completion and provided mainland China and Hong Kong legal advices. Zhong Lun team was led by Partner Wayne WANG and supported by associates NI Cheng, Hana XU and Sam WU.
