Kramer Levin Advises Chinese Client on Reverse Merger

The firm recently closed a deal for client Zhaoheng Investment Limited, a Chinese hydropower company which merged into Certified Technologies Corp., a fully reporting U.S. shell. Certified Technologies issued almost 70 million shares, or 98% of its stock, to Embedded Internet Solutions Limited on May 13 in exchange for all of the shares of Zhaoheng. Embedded Internet is controlled by Guosheng Xu, chairman and CEO of Shenzhen Zhaoheng Industrial Co. Zhaoheng owns several hydropower facilities providing power to small to mid-sized cities in China.

Christopher Auguste, Bill Huo, Debbie Lee, Geoffrey Hu, Gordon Novod and David Gulko worked on the deal.