DeHeng Advised Titan Technology on Completing Major Asset Acquisition

2022-01-05

On December 4, 2021, Shanghai Titan Technology Co., Ltd. (stock code: 688133) announced the acquisition of a 77.55% stake in Anhui Tedia High Pure Solvents Co., Ltd. controlled by US investors. Titan Technology completed the cross-border merger and acquired a controlling stake in Tedia. 

As the legal counsel for Titan in this deal, the DeHeng team was led by partner Chu Qiaoming of its Shanghai Office, with primary support from associate Chai Yuchen. They provided efficient and high-quality legal services including the transaction framework design, due diligence, drafting of transaction documents, legal advices and negotiations for the cross-border deal, and assistance in completing the closing of the acquisition, obtaining approval from regulatory authorities and executing the transaction.