Akin Gump Advises Ming Yang Audit Committee in Acquisition of RENergy
(Hong Kong) – Akin Gump has advised the audit committee of China Ming Yang Wind Power Group Limited in its share purchase agreements to acquire a 99 percent stake in China Smart Electric Group Limited. China Smart owns all of the equity interest in Wise Renergy Holdings Limited, a Hong Kong company, which in turn owns all of the equity interests in its mainland China-based subsidiaries, known as RENergy. The deal is expected to close on or about May 20, with Ming Yang expected to acquire the remaining one percent stake in RENergy in the near future.
The value of the deal for the 100 percent stake in RENergy is approximately $149 million.
The Akin Gump team advising Ming Yang’s audit committee was led by Gregory Puff, head of the firm’s Hong Kong office and its Asia practice. He was joined by counsel Michelle Chan and associate Kitty Ng.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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