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Fangda represented KPS in its acquisition of composites business from INEOS Enterprises, involving a transaction price of around €1.7 billion. The transaction was closed on March 31, 2025. The Fangda team on this deal was led by partners Chen Bao and April Dong, and the team members include Claire Li, Koral Zhu and Oscar Chen. Fangda handled the PRC legal due diligence, advised on regulatory matters, assisted in the review of transaction documents, the closing and post-closing corporate matters. The composites business is a global leader in producing resins and gelcoats that are used to make strong, lightweight composite plastics found in everything from cars and boats to buildings and electronics.