DeHeng Provided Specialized Legal Services for MAHLE in Equity Transaction of Its Subsidiary, Assisting the Multinational Corporation in Achieving Strategic Goals

2025-09-02

MAHLE, a globally leading development partner and automotive parts supplier, has completed the sale of its 40% minority stake in Langfang KOKUSAN Electric Appliance Co., Ltd., further optimizing its business layout. Of this stake, 28.5% was acquired by the co-shareholder Langfang Jinrun Technology Group Co., Ltd., and 11.5% was acquired by another co-shareholder Langfang State-Owned Assets Operation Co., Ltd. The three parties signed the relevant agreements in January 2025 and completed the transaction after obtaining routine regulatory approvals.

DeHeng served as the special legal counsel for MAHLE. Given the project’s long history, involvement of multiple parties, and cross-border coordination requirements, the DeHeng team assisted the client in clarifying the equity structure and corporate governance history. Based on Chinese laws, regulations, and practices, the team designed a secure and efficient exit path and risk control plan. Deeply involved in all key stages, the team provided professional support on focal issues such as the equity transfer mechanism, exit safeguards, and foreign exchange compliance. Leveraging extensive experience in M&A and exit transactions, DeHeng assisted the client in multiple rounds of communication and negotiations with counterparties, precisely balancing commercial objectives with compliance requirements. The team also maintained close collaboration with MAHLE’s headquarters in Germany to ensure consistency in cross-border legal strategy, synchronized information, and efficient decision-making.