Assisted by the Han Yi service team, the founders of YongLe Tape along with ShawKwei & Partners entered into an agreement with Avery Dennison (NYSE:AVY) in November 2016 for the acquisition of YongLe Tape by Avery Dennison, a global leader in pressure-sensitive label and functional materials and labeling solutions. The transaction has satisfied all applicable closing conditions and was successfully completed in the second quarter of 2017.

YongLe Tape is one of the world's leading PVC tape manufacturers and is a one-stop shop for polymeric plasticizers, PVC films, adhesive materials and various industrial tape products. Its products are widely applied in the areas of automobiles, electrical appliances and communications in over 70 countries and regions, and the company has been recognized as a reliable long-term partner by many leading automobile manufacturers.

As the primary counsel to YongLe Tape's founding shareholders, the Han Yi team assisted with the full blown legal due diligence review and investigation by Avery Dennison, drafting and revisions of numerous onshore and offshore transaction documents, several rounds of negotiation support and detailed pre-closing corporate restructurings, and also attended to all closing steps.