Mingqiao Stable and Optimized No. 2 Private Equity Investment Fund completed the acquisition of 5.5% stake in Guangdong Mingzhu Group Co.,Ltd from Xingning Zhongyifu Investment Co., Ltd. and Shenzhen Jinxinan Investment Co., Ltd.
June 18, 2024
Share
Mingqiao Stable and Optimized No. 2 Private Equity Investment Fund agreed to acquire 5.5% stake in Guangdong Mingzhu Group Co.,Ltd (SHSE:600382) from Xingning Zhongyifu Investment Co., Ltd. and Shenzhen Jinxinan Investment Co., Ltd. for approximately CNY 180 million on April 29, 2024. As per the transaction, Mingqiao Stable and Optimized No. 2 Private Equity Investment Fund will acquire 42.3 million shares at CNY 4.24 per share.
Mingqiao Stable and Optimized No. 2 Private Equity Investment Fund completed the acquisition of 5.5% stake in Guangdong Mingzhu Group Co.,Ltd (SHSE:600382) from Xingning Zhongyifu Investment Co., Ltd. and Shenzhen Jinxinan Investment Co., Ltd. on June 19, 2024.
Guangdong Mingzhu Group Co., Ltd is a China-based company, principally engaged in trading business. The Company's products mainly include metal hardware as well as building materials and accessories. Through its subsidiaries, the Company is also principally engaged in the manufacture and sales of valve products, sales of steel, building materials and chemical products, as well as development and sales of properties. The Company conducts its businesses mainly in Southern China and Central China.
Mingqiao Stable and Optimized No. 2 Private Equity Investment Fund completed the acquisition of 5.5% stake in Guangdong Mingzhu Group Co.,Ltd from Xingning Zhongyifu Investment Co., Ltd. and Shenzhen Jinxinan Investment Co., Ltd.
GUANGDONG MINGZHU GROUP CO.,LTD 
