Fenwick Represents Ocean Imagination in eLong’s Acquisition by China E-dragon Holdings Limited

Fenwick & West represented Ocean Imagination L.P. as its U.S. legal counsel in merger transaction by and among eLong, Inc. a leading mobile and online travel service provider in China, China E-dragon Holdings Limited and China E-dragon Mergersub Limited. eLong announced its definitive Agreement and Plan of Merger with China E-dragon Holdings Limited. At the closing of the transaction, China E-dragon Holdings Limited will be owned by a consortium of certain of the Company’s existing shareholders, including C-Travel International Limited, TCH Sapphire Limited, Ocean Imagination L.P. and Luxuriant Holdings Limited, along with Seagull Limited and certain management members of eLong.

The transaction will be financed through a combination of cash and equity contributed by TCH and Ocean Imagination L.P., rollover of equity by C-Travel International Limited and Luxuriant Holdings Limited, as well as cash investments by Seagull Limited and certain existing members of the management of the Company. More information about Ocean Imagination acquisition can be obtained by the company press release.

The Fenwick transaction team included corporate lawyers Karen Yan, Ruomu Li, Alexandra Yin and Benjamin Yao.


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