Add-on Acquisition • Electrical Equipment

Fang Holdings Acquires Chongqing Wanli New Energy Co.

On August 10, 2018, Fang Holdings acquired electrical equipment company Chongqing Wanli New Energy Co.

Acquisition Context
  • This is Fang Holdings’ 1st transaction in the Electrical Equipment sector.
  • This is Fang Holdings’ 1st transaction in China.

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M&A Deal Summary

Date August 10, 2018
Target Chongqing Wanli New Energy Co.
Sector Electrical Equipment
Buyer(s) Fang Holdings
Deal Type Add-on Acquisition

Target Company

Chongqing Wanli New Energy Co.

Chongqing, China
Chongqing Wanli New Energy Co., Ltd. is a manufacturer of storage batteries. Chongqing Wanli New Energy was founded in 1943 and is based in Chongqing, China.
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Buyer Overview 1

Buyer

Fang Holdings

Beijing, China

Category Company
Founded 1999
Sector Internet Software and Services
Employees959
Revenue 50M USD (2023)
DESCRIPTION

Fang Holdings is a real estate Internet portal and home furnishing and improvement website in China. Fang Holdings was founded in 1999 and is based in Beijing, China.


Deal Context for Buyer #
Overall 1 of 1
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: China 1 of 1
Year: 2018 1 of 1