Recently, Shenzhen Stock Exchange listed company, Zhejiang FDM announced its original controlling shareholder and actual controller transferred 18 million shares of which 5.5 million shares were transferred to Zhuoyue Qi Che. The transfer has completed the registration procedure. After the completion of the share transfer registration procedure, Zhuoyue holds 40 million shares in FDM (8.53% of the total shares in FDM). Meanwhile Zhuoyue owns 56,263,167 shares in FDM (12.00% of the total shares in FDM) with corresponding voting rights, becomes the controlling shareholder of FDM.
Zhuoyue Qi Che was a co-established platform established by CRRC Urban Traffic Co.,Ltd, Shanghai Zhongwang Green Capital Equity Investment Fund Management Co., Ltd, the Deqing city government, the Tongji University URRC Institute and the China Academy of Engineering. Currently, Zhuoyue is mainly engaged in the design, research, development, manufacturing and sale of green energy vehicles, Zhuoyue is committed to building an integrated platform with a 100% green energy special vehicle industry supply chain system.
As the legal counsel of Zhuoyue, Llinks provided professional legal services in this acquisition of FDM.
