Zhejiang Invest Equity Investment & Management Co., Ltd. completed the acquisition of a 5% stake in JDM JingDaMachine(Ningbo)Co.Ltd from Ningbo Chengxing Holding Co., Ltd., Zheng Gong and Xu Jianfen.
November 09, 2021
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Zhejiang Invest Equity Investment & Management Co., Ltd. signed a share transfer agreement to acquire a 5% stake in JDM JingDaMachine(Ningbo)Co.Ltd (SHSE:603088) from Ningbo Chengxing Holding Co., Ltd., Zheng Gong and Xu Jianfen for CNY 86.1 million on September 3, 2021. In the acquisition, Zhejiang Invest Equity Investment & Management Co., Ltd. will acquire 15.4 million shares at CNY 5.6 per share. Zhejiang Invest Equity Investment & Management Co., Ltd. will acquire 0.1% stake from Ningbo Chengxing Holding Co., Ltd., 4.35% stake from Xu Jianfen and 0.55% stake from Zheng Gong.
Zhejiang Invest Equity Investment & Management Co., Ltd. completed the acquisition of a 5% stake in JDM JingDaMachine(Ningbo)Co.Ltd (SHSE:603088) from Ningbo Chengxing Holding Co., Ltd., Zheng Gong and Xu Jianfen on November 10, 2021. Post transaction, Ningbo Chengxing Holding Co., Ltd. will retain 98.268204 million share representing 31.98% stake, Zheng Gong will retain 10.414578 million shares representing 3.39% stake and Xu Jianfen will retain 4.302592 million shares representing 1.4% stake in JDM JingDaMachine(Ningbo)Co.Ltd.
JDM JingDa Machine Ningbo Co Ltd is a China-based company mainly engaged in the research and development, production and sales of heat exchanger equipment and precision presses. The heat exchanger equipment includes air-conditioning heat exchangers, refrigeration and cold chain heat exchangers and special forming equipment for automotive micro-channel heat exchangers, which are mainly used in air conditioning, refrigeration, cold chain industries and automotive thermal management systems. The precision presses are mainly used in stamping production in various industries such as automobiles, home appliances, hardware, motors, electronics, and batteries. The Company mainly conducts its businesses in domestic and overseas markets.
Zhejiang Invest Equity Investment & Management Co., Ltd. completed the acquisition of a 5% stake in JDM JingDaMachine(Ningbo)Co.Ltd from Ningbo Chengxing Holding Co., Ltd., Zheng Gong and Xu Jianfen.