Fangda Partners acting as the PRC legal counsel and Hong Kong legal counsel represented Novo Tellus and other consortium members in connection with its acquisition of Tongda (Xiamen) Elastomers Co Ltd. (an indirect wholly-owned subsidiary of Tongda Group Holdings Ltd.(00698.HK)) and TPT Singapore, involving a transaction price of HK$ 2.015 billion. The definitive documents were signed on December 22, 2023 and the transaction was closed on April 3, 2024. Fangda has provided full scope of legal services in this transaction, including due diligence from both PRC and Hong Kong law perspectives, review and negotiation of the main transaction documents and ancillary documents, legal advice in relation to Hong Kong listing rules, assistance in closing-related matters. Headquartered in Singapore, Novo Tellus is a reputable private equity fund specializing in technology supply chain investment in Southeast Asia and other regions. Tongda Group is a listed company focusing on the development and application of precision moulds and other related products for consumer electronics and electrical appliances. The Fangda team on this deal was led by partners Miles Ma, Raymond Chan, Lu Chen and Arman Lie. Other members of the Fangda team include Joyce Pei, Elisa Liu, Wen Xiaobo, Brian Kwok, Jenny But, Chen Zhuowei and Ji Jinger.