DLA Piper advises Scientia Technologies on equity financing

DLA Piper has advised Scientia Technologies Limited (“Scientia”), a technology solutions and services provider to governments, private enterprise clients and individuals, on its equity financing totaling USD 600 million. Technology services relating to smart city and intelligent living solutions in China have grown substantially over the last few years, and this transaction is evidence of the continuation of growth in the market.

Scientia’s principal business utilizes new technologies such as artificial intelligence, big data analysis, cloud services and distributed ledger technology to improve efficiency, reduce costs, increase income and improve the quality of life for its customers.

The investor, Hopson Capital International Limited, is a subsidiary of Hopson Development Holdings Limited, which is a listed company on the Hong Kong Stock Exchange. Hopson Development Holdings Limited and its subsidiaries are principally engaged in residential property development, commercial property investment, property management and infrastructure.

The DLA Piper team advised Scientia on the entire financing transaction. James Chang, Corporate Partner who led the transaction commented: "This transaction is indicative of the continuing strength of DLA Piper’s technology, private equity and capital markets practices in Greater China, and another example of our commitment and ability to deliver exceptional results for our clients amidst the challenges of an ongoing global pandemic:.

The DLA Piper Corporate team was led by Partner James Chang (Beijing), assisted by Alex Ye (Of Counsel, Hong Kong), Shenglan Jin (Associate, Beijing), and Qin Gu and Zhiyuan Wu (Associates, Shanghai). Christina Loh (Partner, Hong Kong) provided Hong Kong securities law advice with the support of Shawn Xin (Associate, Hong Kong) and Marvin Qin (Registered Foreign Lawyer, Hong Kong). Roy Chan (Senior Partner, Asia and Co-Country Managing Partner, China) also advised on certain aspects of the transaction.