DeHeng Assisted Wubo Technology in RMB 1.555 Billion Acquisition by Yankuang Energy, Accelerating Digital Transformation in Smart Logistics

2024-11-06

Recently, DeHeng assisted Wubo Technology Co., Ltd. (“Wbtech” for short) in its acquisition by Yankuang Energy Group Co., Ltd. (stock code: 600188), a listed company. On October 24, 2024, the transaction parties completed the delivery procedures as per the agreement, and Wbtech completed its corporate change registration. Yankuang Energy acquired a 45% equity stake in Wbtech for approximately RMB 1.555 billion, along with 6.32% of entrusted voting rights, thereby gaining control of the latter.

As the legal counsel to Wbtech, the acquiree, the DeHeng team, led by Shen Hongshan, director and partner of the Shanghai Office, with primary support from business partner Hong Xiaolong, lawyer Duan Ting, and Ben Hui, provided comprehensive legal services for the project, including transaction scheme design, negotiation, agreement review and revision, drafting of related legal documents, assistance with delivery, and legal consultation.