Shenzhen Pengrui Investment Group Co., Ltd. has just completed its purchase of the Series A-1 Preferred Shares of Kolo Medical Ltd., a leading company in ultrasound technology, with operations in Silicon Valley, Hong Kong and Mainland China. Zhong Lun acted as legal counsel to Pengrui, with a team comprised of Wendy Wu, T.K. Chang (New York Office) and Roger Li.
Shenzhen Pengrui Investment Group Co., Ltd. is a private equity firm focused on investments in biotechnology, medical equipment and real estate. The transaction is an example of the recent accelerating trend of Chinese companies investing in high technology companies in the U.S