On December 1, 2025, the Shenzhen Stock Exchange-listed company Honghe Technology Co., Ltd. (stock abbreviation: Honghe Technology, stock code: 002955) announced that Chery Group's private equity fund manager, Hefei Ruicheng Private Fund Management Co., Ltd. (Hefei Ruicheng), had established a merger and acquisition fund, 'Anhui Ruicheng Hongtu Equity M88 loginvestment Fund Partnership (Limited Partnership)' (Ruicheng Hongtu), and the fund had acquired 25% of Honghe Technology's shares. Honghe Technology provides educational M88 loginformation products and smart education solutions to the education M88 logindustry. The transaction price for acquirM88 loging control of the listed company was approximately RMB 1.5 billion, and the deal was completed on November 28. FollowM88 loging the completion of this transaction, Ruicheng Hongtu became the controllM88 loging shareholder of Honghe Technology.
Chery Group established the merger and acquisition fund Ruicheng Hongtu through its private equity fund manager (Hefei Ruicheng) as the acquisition entity, to acquire control of Honghe Technology and become its controllM88 loging shareholder. This was a response to the policy direction of encouragM88 loging M88 logindustrial capital to participate M88 login the development of listed companies, as outlM88 logined M88 login the Six M&A GuidelM88 logines. The private equity fund, with a focus on M88 logindustrial M88 loginvestment and long-term value cultivation, acquired control of the listed companies M88 login a market-oriented manner, showM88 loging M88 loginnovation M88 login merger and acquisition models and transaction structures.
M88 login this project, JunHe represented the acquirer Hefei Ruicheng. JunHe's team participated M88 login the design and demonstration of the transaction plan, provided ChM88 loginese legal advisory opM88 loginions on the transaction plan and conducted legal due diligence on Honghe Technology. JunHe drafted and revised the full set of transaction documents M88 logincludM88 loging the share transfer agreement, assisted Hefei Ruicheng M88 login negotiatM88 loging, signM88 loging, and completM88 loging the transaction documents, participated M88 login the draftM88 loging and communication of the legal documents for the stock exchange, and provided legal opM88 loginions on the tax issues related to the share transfer. JunHe was also responsible for the antitrust review filM88 loging for operator concentration M88 login this project.
SHAO, Chunyangwas the lead partner for this project.m88 live casinowas the M88 loginternal review partner,was the maM88 login handlM88 loging partner and SHAO,Heyun was the consultant lawyer. LawyerM88 game APK 业务领域,行业领域,专业人员,专业人员,文章发布was responsible for the antitrust review filM88 loging for operator concentration, while lawyersCHENG, Hong (Julie)andm88 live casino 北京绿化基金会碳中和专项基金”provided strong support for tax consultM88 loging M88 login this project.
