AnJie Broad Assists YSB Inc. on Successful RMB 1.035 Billion Acquisition of Folding Space
AnJie Broad Law Firm successfully advised YSB Inc. (Stock Code: 9885.HK) in its 100% equity acquisition of Folding Space (Cayman) Ltd., with transaction value of approximately RMB 1.035 billion.
This transaction marks the largest market-driven M&A transaction in the internet medical service sector of Hong Kong capital market in the past three years. This acquisition will strengthen YSB Inc.'s supply chain and commercial service capabilities, supporting the growth of its own-brand business and enhancing its competitive position in the market.
AnJie Broad Law Firm provided comprehensive legal services to YSB Inc. in this acquisition, led by Partner Cai Hang, who coordinated the overall process and organized a team of experts across various fields. Partner Yao Ting, along with project members Yang Jing, Dong Xiao, and Dong Jiongpei, conducted thorough legal due diligence on Folding Space, assisted in designing the transaction structure, drafting and finalizing of transaction documents. They also provided legal opinions for the CSRC’s offshore filing process and supported YSB’s CSRC filing for its offshore issuance. Partner Song Ying and team member Lu Weijia handled the concentration of undertakings filing required for this transaction. The AnJie Broad team’s efficient and high-quality service earned strong recognition from the client.