DeHeng Assisted Hua Kee Co., Ltd. in Strategic Investment in Shandong Bluesail Health Technology Co., Ltd.

2024-06-25

DeHeng lawyers recently assisted Thai investor Hua Kee Co., Ltd. (“HKG”) in investing in Shandong Bluesail Health Technology Co., Ltd. (“Bluesail Health Tech”), a wholly-owned subsidiary of Bluesail Medical Co., Ltd. (“Bluesail Medical”), an A-share public company.

On June 19, 2024, Bluesail Medical and HKG held a contract signing ceremony in Weifang, Shandong. In this transaction, HKG invested approximately RMB 1.42 billion in cash to increase the registered capital of Bluesail Health Tech. Following the investment, Bluesail Medical’s equity in Bluesail Health Tech will decrease from 100% to 59.83%, with HKG gradually holding 40.17% of the equity.

This deal aims to facilitate resource sharing between HKG and Bluesail Medical, foster multiple business synergies, and help Bluesail Health Tech become one of the world’s most cost-efficient glove manufacturing bases, thus enhancing the market competitiveness of both parties.

As the legal advisor to HKG, the DeHeng team, with primary support from partner Wang Yuan, lawyers Ju Guang and Mou Jiashuang, and paralegal Ding Huajian of the Beijing Office, provided efficient and high-quality legal services throughout the transaction.