Global law firm Norton Rose Fulbright has advised Zoomlion Heavy Industry Science and Technology Co. Ltd ("Zoomlion"), a main board-listed company on its US$1.68 billion disposal of 80% interest in Changsha Zoomlion Environmental Industry Co., Ltd. ("Changsha Zoomlion") to four PRC investment holdings including Infore Holding and Hony Investment (the "disposal").
Changsha Zoomlion engages in research, development, manufacturing and sale of environmental sanitation equipment and provisions of environmental solutions. The disposal constitutes a major transaction under the Hong Kong Stock Exchange Listing Rules. The sale will allow Zoomlion to focus on their industrial and agricultural equipment businesses.
The team was led by partners Psyche Tai and Winnie Chan with assistance from associate Charles Lam.
Psyche Tai commented:
“This is a major transaction for Zoomlion and will allow them to streamline their offering with a focus on their agricultural and industrial offering and strengthen their capability for sustainable development.”
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