JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. cancelled the acquisition of 70% stake in Taizhou Fengling Special Power Station Equipment Co., Ltd. from Luo Jun.
January 07, 2017
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JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. (SZSE:300091) signed acquisition intent agreement to acquire 70% stake in Taizhou Fengling Special Power Station Equipment Co., Ltd. from Luo Jun for CNY 0 on January 8, 2016. A stake transfer agreement was signed on February 1, 2016. On completion, JiangSu Jin Tong Ling Fluid Machinery Technology and Luo Jun will hold 70% and 30% stake respectively. In a related transaction, JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. and Luo Jun will carry out a capital increase of CNY 20.01 million in Taizhou Fengling Special Power Station Equipment. Taizhou Fengling Special Power Station Equipment reported total assets of CNY 74.47 million and negative shareholders’ equity of CNY 3.49 million as of October 31, 2015. Taizhou Fengling Special Power Station Equipment reported total assets of CNY 77.6 million, negative shareholders’ equity of CNY 19.17 million, operating revenues of CNY 25.07 million and net loss of CNY 10.09 million as of December 31, 2014. The deal was approved by the Board of Directors of JiangSu Jin Tong Ling Fluid Machinery Technology on February 1, 2016.
JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. (SZSE:300091) cancelled the acquisition of 70% stake in Taizhou Fengling Special Power Station Equipment Co., Ltd. from Luo Jun on January 8, 2017.
Jin Tong Ling Technology Group Co.,Ltd, formerly JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. is a China-based company principally engaged in the manufacture, research and development of high-end equipment, as well as the provision of related services. The Companyâs main businesses include engineering technological general contracting of power island integration, air station integration, mechanical vapor recompression (MVR) system integration, thermal energy ladder utilization, sewage aeration system integration, wind system energy saving transformation and others. The Companyâs main products include high efficiency centrifugal air compressors, centrifugal steam compressors, single-stage compressors, magnetic levitation single-stage compressors, new type efficient steam turbines and others.
JiangSu Jin Tong Ling Fluid Machinery Technology Co., Ltd. cancelled the acquisition of 70% stake in Taizhou Fengling Special Power Station Equipment Co., Ltd. from Luo Jun.
JIN TONG LING TECHNOLOGY GROUP CO., LTD. 
