Zhuhai Rongcheng Investment Center (Limited Partnership) completed the additional 6.04% stake in Dalian Sunlight Machinery Co., Ltd. from Yu Jianmo.
January 16, 2018
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Zhuhai Rongcheng Investment Center (Limited Partnership) signed an equity transfer agreement to acquire an additional 6.04% stake in Dalian Sunlight Machinery Co., Ltd. (SZSE:002621) from Yu Jianmo for CNY 700 million on January 3, 2018. Under the terms, Zhuhai Rongcheng Investment Center (Limited Partnership) will acquire the remaining 20.38 million unrestricted shares held by Yu Jianmo at CNY 34.34 per share. As consideration, within 10 days since the signing of the equity transfer agreement, a first installment of CNY 100 million is to be paid. A second installment of CNY 360 million will be paid within 10 days since delivery of the underlying equity and a third installment of CNY 240 million must be paid within 12 months since delivery of the underlying equity. Post completion of the transaction, Zhuhai Rongcheng Investment Center (Limited Partnership) will hold 29% stake in Dalian Sunlight Machinery Co., Ltd.
Zhuhai Rongcheng Investment Center (Limited Partnership) completed the acquisition of additional 6.04% stake in Dalian Sunlight Machinery Co., Ltd. (SZSE:002621) from Yu Jianmo on January 17, 2018.
Dalian My Gym Education Technology Co Ltd is a China-based company mainly provides early education courses and training services for studying abroad. The Company provides a full range of services such as early education center courses, brand output, teaching material research and development, operation management and teacher training, as well as youth guidance, study abroad consultation, and international exchanges and cooperation. The Company is also engaged in the manufacture and sales of construction machinery. The Company mainly conducts its businesses in domestic market.