Quanwei Green Energy Investment Co., Ltd. completed the acquisition of additional 12% minority stake in Guangdong Guoli Sci and Tech Co., Ltd..
January 15, 2023
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Quanwei Green Energy Investment (Hainan) Co., Ltd. signed a share transfer agreement to acquire 10% stake in Guangdong Guoli Sci & Tech Co., Ltd. (SZSE:300716) from Dongguan Yonglu Industrial Investment Co., Ltd. for approximately CNY 200 million on November 9, 2022. After the share transfer and the voting rights entrustment, Quanwei Luneng will own 22% voting rights in the company, becoming the company's holding shareholder. The transfer price for the share transfer is CNY12.26 per share. On the premise that this transfer is confirmed by Shenzhen Stock Exchange, Quanwei Green Energy Investment shall pay the first transaction price of CNY 176,184,520 to the account designated by Dongguan Yonglu Industrial before November 28, 2022 (inclusive). If the transfer fails to obtain the compliance confirmation of Shenzhen Stock Exchange before November 28, 2022, Quanwei Green Energy Investment shall pay the above-mentioned payment to the account designated by Dongguan Yonglu Industrial within 7 working days from the date when the transfer obtains the compliance confirmation of Shenzhen Stock Exchange. Within 3 working days after the completion of the listed company's governance arrangements in Article 4 of this Agreement, Quanwei Green Energy Investment shall pay Dongguan Yonglu Industrial's designated bank account the second transaction price of CNY 20,000,000.
Quanwei Green Energy Investment (Hainan) Co., Ltd. completed the acquisition of additional 12% minority stake in Guangdong Guoli Sci and Tech Co., Ltd. (SZSE:300716) on January 16, 2023.
Guangdong Quanwei Technology Co Ltd, formerly Guangdong Guoli Science and Technology Co Ltd, is a company engaged in research and development, production and sales of polymer materials and polymer material products. The Companyâs main products are comprised of ethylene-vinyl acetate (EVA) copolymers, EVA environmentally friendly modified materials and related products, such as foamed ethylene-vinyl acetate copolymers, shoe materials and electronic accessory products; thermo plastic rubber (TPR) environmentally friendly modified materials and related products, such as TPR environmentally modified rubber pellets and shoe materials; modified engineering plastics, such as acrylonitrile-butadiene-styrene copolymer. The products are used in high-end sports and leisure shoe materials, sports equipment, electronic ancillary products and household appliances.