Freshfields Bruckhaus Deringer has advised Greenland Financial Overseas Investment Group Co., Ltd. (Greenland), a subsidiary of Greenland Holding Group Company Limited, on its subscription of shares in China Rundong Auto Group Limited (China Rundong), a Hong Kong-listed Chinese luxury auto dealership business.

The subscription takes the form of both ordinary and convertible preference shares in China Rundong, and is valued at HK$1.5bn (US$190m).
Upon completion, which is subject to shareholder and regulatory approvals, Greenland will become a controlling shareholder of China Rundong.
Greenland Holding Group Company Limited is a Global Fortune 500 company headquartered in Shanghai.

The Freshfields team advising on the transaction was led by corporate partners Charles Ching and Philip Li, with additional support from corporate partner Simon Weller.