Tyco (China) Investment Co., Ltd. (Tyco (China)) has acquired 100% stake in Shanghai Jindun Fire-Fighting Security Equipment Co., Ltd. (“Jindun Technology”) with more than RMB430mln in cash.

Tyco (China) is a China-based wholly-owned subsidiary of Tyco International Ltd. (NYSE ticker symbol: TYC), a Fortune 500 company and the world’s largest fire protection and security solutions provider serving more than 3,000,000 clients all over the world. In 2012, its turnover exceeded US$10bn. Tyco International Ltd. operates more than 1000 offices in nearly 50 countries with over 70,000 employees.

Jindun Technology, a hi-tech enterprise wholly owned by Shanghai Jindun Industrial Group, is primarily engaged in the manufacture and sale of various fixed firefighting equipment as well as technology R&D, complete equipment supply, international trade, design and maintenance. Shanghai Jindun Industrial Group, its parent company, is a leading professional fire protection solutions provider whose products are widely used by firefighting forces and in industries such as civil architecture, petroleum, petrochemical, offshore oil production, ship building, mobile communications, tunnel traffic, tobacco, and electric power.

A team led by Beijing-based senior partner Shen Linping acted as legal counsel for the selling party. The team was responsible for business negotiation, preparation of transactional documents, and declaration and filing with government authorities. The team also included associate Li Yi, Shanghai-based partner Wang Wenshou, associates Xiao Juan, Zhou Jiaolu, Zhang Jingyan and Wang He.