Unifrax Asia-Pacific Holding Limited made the offer to acquire a 24.86% stake in Luyang Energy-Saving Materials Co., Ltd. (SZSE:002088) for CNY 2.7 billion on May 22, 2022. As a result of transaction, Unifrax Asia-Pacific Holding will hold 53.86% stake in Luyang Energy-Saving Materials Co., Ltd. Luke Guerra, P.C., Rongjing Zhao ,H. Thomas Felix, III and Anne Kim, P.C. of Kirkland & Ellis acted as a legal advisor to Unifrax Asia-Pacific Holding Limited.