Qianying Value Growth No. 1 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd. signed an equity transfer agreement to acquire a 5.03% stake in Nanjing Yueboo Power System Co., Ltd. from Li Zhanjiang, Nanjing Yuebo Jinchi Equity Investment Fund Partnership Enterprise (Limited Partnership) and Nanjing Xieheng Equity Investment Fund Partnership Enterprise (L.P.) for approximately CNY 100 million.
November 09, 2021
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Qianying Value Growth No. 1 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd. signed an equity transfer agreement to acquire a 5.03% stake in Nanjing Yueboo Power System Co., Ltd. (SZSE:300742) from Li Zhanjiang, Nanjing Yuebo Jinchi Equity Investment Fund Partnership Enterprise (Limited Partnership) and Nanjing Xieheng Equity Investment Fund Partnership Enterprise (L.P.) for approximately CNY 100 million on November 10, 2021. Under the transaction, Li Zhanjiang to transfer the 1.06 million shares accounting for approximately 1.35% stake for CNY 28.2 million, Nanjing Yuebo Jinchi Equity Investment Fund Partnership Enterprise (Limited Partnership) to transfer the 2 million shares accounting for approximately 2.55% stake for CNY 53.1 million and Nanjing Xieheng Equity Investment Fund Partnership Enterprise (L.P.) to transfer the 890,000 shares accounting for approximately 1.13% stake for CNY 23.6 million.
Nanjng YueBoo Power System Co., Ltd. is a China-based company principally engaged in the research and development, manufacture and sales of new energy vehicle powertrain systems. The Companyâs main products are pure electric vehicle powertrain systems, including vehicle control systems, drive motor systems and automatic transmission systems. The Companyâs products are mainly applied in the field of special vehicles, including pure electric passenger cars and pure electric logistics vehicles. Through its subsidiaries, the Company is also engaged in the provision of complete powertrain solutions for vehicle manufacturers. The Company mainly conducts its businesses in domestic market.
Qianying Value Growth No. 1 Private Securities Investment Fund, managed by Shanghai Qianying Investment Management Co., Ltd. signed an equity transfer agreement to acquire a 5.03% stake in Nanjing Yueboo Power System Co., Ltd. from Li Zhanjiang, Nanjing Yuebo Jinchi Equity Investment Fund Partnership Enterprise (Limited Partnership) and Nanjing Xieheng Equity Investment Fund Partnership Enterprise (L.P.) for approximately CNY 100 million.