Guangdong Xinbao Electrical Appliances Holdings Co., Ltd (SZSE:002705) agreed to acquire Morphy Richards Appliances Ltd from Glen Electric Ltd. on June 8, 2022. The deal is subject to Chinese government approval. The deal is expected to close by the end of 2022. Houlihan Lokey, Inc. (NYSE:HLI) acted as financial advisor to Glen Dimplex parent company of Glen Electric Ltd.

Guangdong Xinbao Electrical Appliances Holdings Co., Ltd (SZSE:002705) completed the acquisition of Morphy Richards Appliances Ltd from Glen Electric Ltd. for $198 million on February 28, 2023. Zhou Tao, Liu Xiaofei and Pan Bo of Grandway Law Offices acted as legal advisor to Guangdong Xinbao Electrical Appliances Holdings.