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CIMC-TianDa Acquires Controlling Interest in Shenyang Jietong Fire Truck

August 09, 2018

Hong Kong – Paul Hastings, a leading global law firm, announced today that it is advising CIMC-TianDa Holdings Company Limited (“CIMC-TianDa”) (a subsidiary of China International Marine Containers (Group) Co., Ltd.) on the proposed acquisition, through its subsidiary Allied Best (China) Fire Safety Appliances Manufacturing Co., Ltd., of 60 per cent of the equity interests in Shenyang Jietong Fire Truck Co., Ltd. (“Shenyang Jietong Fire Truck”) at a consideration of RMB600 million (approximately US$88 million).

CIMC-TianDa is one of the leading manufacturers of fire engines, fire prevention and fighting equipment in the PRC. The principal business of Shenyang Jietong Fire Truck is the production of fire engines and aerial lifting fire trucks in the PRC, which complements CIMC-TianDa’s existing lines of business.

The Paul Hastings team was led by Raymond Li, partner and Chair of Greater China, with support from of counsel Bonnie Kong, and associates Andy Tam and Terence Siu.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.