DeHeng Assisted Daye Garden in Completing Major Asset Restructuring, Setting a Model of Sino-European Collaboration in the Garden Machinery Industry

2025-03-07

On February 12, 2025, Ningbo Daye Garden Machinery (stock code: 300879), a listed company, announced the completion of the asset transfer for its major asset purchase, marking the successful conclusion of this cross-border strategic merger and acquisition deal. In this transaction, Daye Garden acquired in cash 100% of the equity of AL-KO Geräte GmbH through its wholly-owned subsidiary in Singapore. Since the target company’s 2023 revenue accounted for 190.67% of the listed company’s revenue during the same period, this transaction constituted a major asset restructuring. DeHeng served as the special legal advisor for Daye Garden in this transaction, providing full-process legal support for the company’s global strategic merger and acquisition. 

The DeHeng team was led by partners Yang Min, Lu Yaosong, and Han Ying, with primary support from lawyers Xu Xiaohang, Tang Mu, Kang Jiaping, Cheng Zheyuan, Bu Yun, Yin Wen, Xu Wenyue, and Lu Yikai.