Allbright assists Dana Holding Corporation in completing major cross-border restructuring projects2018-07-135142
At the end of June 2018, the cross-border reorganization project between Dana Holding Corporation and Taiwan Yulon Group/China Motors, which was handled by Allbright, was officially completed, with a transaction value of more than one billion dollars.
Dana Holding Corporation is a listed company on the New York Stock Exchange. Founded in 1904, it is the world’s leading manufacturer of automotive transmission systems, seals and thermal management products. Dana has nearly 100 factories in 26 countries and employs more than 20,000 people. It is an important supplier of world-renowned automobile companies such as BMW, GM, Ford, Nissan and Dongfeng.
This major cross-border restructuring transaction lasted nearly a year and involved jurisdictions including the United States, Luxembourg, Thailand, Mainland China, Taiwan and Hong Kong. Allbright lawyers work closely, professionally, efficiently and creatively with Dana’s legal advisers all over the world and are highly praised by all parties to the transaction.
The project team entrusted to provide full legal services for the project includes AllBright Senior Partner Carl Li, Partner Summer Sheng, Associate Sheldon Wu.