Fried, Frank, Harris, Shriver & Jacobson LLP represented Merrill Lynch Far East Limited, as placing agent, in connection with the "top-up" placement of 80,000,000 shares of Tianneng Power International Limited and the placement of 30,800,000 shares of Tianneng Power by management shareholders. The combined transactions resulted in aggregate proceeds of approximately US$50.0 million. Tianneng Power is one of the largest China-based manufacturers of motive batteries which are used in electric bikes sold in China. The ordinary shares of Tianneng Power are listed on the Hong Kong Stock Exchange.

The Fried Frank team was led by corporate partners Victoria Lloyd and Joshua Wechsler.